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APT and FET announce spectrum swap details

1 Jun 2022

Taiwanese mobile network operators Asia Pacific Telecom (APT) and Far EasTone (FET) have announced details of a major spectrum swap they plan to undertake. In separate statements to the Taiwanese bourse, it was confirmed that FET will swap its 25MHz unpaired block in the 2600MHz band (2595MHz-2620MHz) for APT’s 2×5MHz block of spectrum in the 700MHz band (723MHz-728MHz/778MHz-783MHz).

In terms of the value of the spectrum swap, FET said that this had been calculated ‘based on the residual value at the end of the month starting from the next month after the end of the respective bidding and amortised to the end of the month for the spectrum swap application approved by the National Communications Commission’. In line with this, it was stated that the fair value of FET’s spectrum had been calculated at TWD1.403 billion (USD48.3 million), while APT’s frequencies had been valued at TWD1.703 billion. As a result, it has been confirmed that FET will pay the difference between the two sums – TWD300 million – to APT as part of the spectrum swap agreement.

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