The mobile communications industry has thrown its weight behind the federal government’s commitment to regulatory reform of the allocation and management of spectrum.
Vodafone’s offer to buy spectrum in the 700MHz band from the government for $594.3 million dollars has sparked an angry reaction from competitor Telstra, with the big telco labelling the offer price as being below market rate.
Vodafone is to shell out $594.3 million to buy 2 x 10 MHz of the unsold 700 MHz spectrum after previously withdrawing from the auction to acquire spectrum in the 700MHz range supporting mobile broadband coverage in regional Australia.
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