Telecom spectrum auction 'to go ahead'

Corporate June 13, 2014 00:00

By Usanee Mongkolporn
The Nation

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The telecom committee of the National Broadcasting and Telecommunications Commission (NBTC) yesterday changed one criterion for the planned auction of 1,800-megahertz licences: The auction now might go ahead even if there are only one or two qualified bid

The original plan was that the auction would be cancelled if there were only two bidders. 
The committee concluded yesterday that if there were only one or two qualified bidders, it would wait for another month, during which it would call for additional applicants. If after one month there is still no additional qualified bidder, the committee will go ahead with the auction, without raising the starting price of the licences from the current Bt11.6 billion.
The panel will submit this auction plan for the NBTC board’s consideration next week.
The committee will call the bid for two telecom licences on the 1,800MHz spectrum in August. 
The other criteria remain unchanged, including the three-year schedule for paying for the licences. There will be an up-front instalment of 50 per cent in the first year and 25 per cent in each of the following two years. 
The bidding will start at Bt11.6 billion and go up by 5 per cent in each round.

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