SmarTone Wins Key Spectrum Auction for Mobile Services

SmarTone Telecommunications Holdings (HK:0315) has released an update.

SmarTone Telecommunications Holdings has emerged as a successful bidder in the auction of radio spectrum, securing frequency blocks in the 850 MHz and 6/7 GHz bands. This acquisition, valued at HK$361.5 million, is set to enhance SmarTone’s public mobile services, including 5G. The company can pay the Spectrum Utilization Fee in a lump sum or through annual installments over 15 years.

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