True Move, Thailand’s second largest wireless operator by subscribers, may be unable to participate in the planned 1800MHz spectrum auction scheduled for August, unless the bidding is postponed by at least three months, The Bangkok Post writes. According to an unnamed industry source, the operator would not have enough time to raise the THB37.45 billion (USD1.16 billion) minimum reserve price to bid for the frequencies if the current auction schedule is followed.
As previously reported by TeleGeography’s CommsUpdate, the National Broadcasting and Telecommunications Commission (NBTC) launched the 1800MHz spectrum pre-auction process on 26 April. The NBTC will auction three blocks (2×15MHz each) with a reserve price of THB37.45 billion (USD1.2 billion), valid for 15 years. All interested bidders are invited to submit their applications on 15 June, with the NBTC scheduled to announce the qualified bidders by 2 August; the tender itself will be held on 4 August. All bidders must deposit THB1.87 billion as a bid guarantee to participate in the tender. If only one bid is received, the regulator will postpone the auction for 30 days and if no applications are received during the grace period, one concession will be auctioned to the bidder at a ‘one-time increment of THB75 million on the THB37.45 billion reserve price’.