Hong Kong kicks off spectrum sale, with bids totalling HKD1.4bn on first day

26 Oct 2021

The Office of the Communications Authority (OFCA) in Hong Kong said its auction of spectrum in the 600MHz, 700MHz, 850MHz, 2.5GHz/2.6GHz and 4.9GHz bands saw bids totalling HKD1.37 billion (USD176 million) at the end of its first day. Nine rounds of bidding were completed, with the auction continuing today (26 October). The sale is being contested by the four incumbent cellcos: Hong Kong Telecommunications (HKT), Hutchison 3, China Mobile HK (CMHK) and SmarTone.