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Thailand raises $3.2 billion at 5G license auctions – Source Reuters Tech News

BANGKOK (Reuters) – Thailand’s telecoms regulator raised 100.52 billion baht ($3.2 billion) in 5G spectrum auctions on Sunday, with operators snapping up 48 licenses ahead of an expected commercial rollout later this year.

Thailand’s top mobile operator, Advanced Info Service Pcl (ADVANC.BK), emerged as the biggest winner with 23 licenses across all three spectrum bands in the auctions that lasted over five hours.

The National Broadcasting and Telecommunications Commission (NBTC) said the fifth-generation technology, with data speeds up to 100 times faster than 4G networks, will help drive the country’s digital economy.

The country’s second and third-largest telecoms operators, True Corporation Pcl (TRUE.BK) and Total Access Communication Pcl (DTAC.BK), bagged 17 and two licenses respectively.

State-run firms CAT Telecom and TOT – which are to be merged to become National Telecom company (NT) – participated in spectrum auctions for the first time, winning six licenses…

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Source Reuters Tech News

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