5G sale raises HKD1.9bn

Hong Kong’s Office of the Communications Authority (OFCA) has completed its latest 5G spectrum auction, raising a total of HKD1.877 billion (USD241 million) over 32 rounds of bidding. 255MHz of frequencies in the 700MHz, 850MHz, 2.5GHz and 4.9GHz bands was sold to the four incumbent cellcos under 15-year licences. Hutchison 3 acquired concessions at 700MHz and 2.5GHz, SmarTone bought 700MHz, 850MHz and 4.9GHz spectrum, HKT secured frequencies in the 700MHz and 2.5GHz bands, while China Mobile Hong Kong (CMHK) won licences at 700MHz, 2.5GHz and 4.9GHz.