Telcos Pleased With 3g Auction

Australian carriers have hailed the auction of the so-called third-generation (3G) wireless spectrum as a resounding success, with bids falling well within the telecommunications groups' budgets.

Players Fork Out $1.17bn For 3g

The auction of third generation (3G) mobile telephone spectrum ended yesterday, with the Federal Government exceeding its reserve price of $1.08 billion, and four existing mobile carriers each acquiring sufficient spectrum to build new mobile networks.

Another $7.8m Is Lodged As 3g Bidding Tapers Off

The third generation (3G) mobile phone auction limped through its fourth day, with neither Telstra or Vodafone Pacific lodging bids yesterday.

Early Finish Likely For 3g

The third generation (3G) mobile phone auction appears to be nearing an end after just three days, having so far raised $1.07 billion, just short of the Federal Government's minimum reserve price.

$38m In Two Bids, But 3g Is $238m Shy

The Federal Government managed to attract only another $38 million worth of bids on a lacklustre second day of the third generation (3G) mobile phone spectrum auction, which still leaves the Government more than $200 million short of its set reserve price of $1.08 billion.

Telstra Top Bidder In 3g Auction

Telstra has emerged as the most aggressive bidder in the third generation (3G) mobile phone spectrum auction, which attracted bids of $804.35 million on the opening day. The bidding will give the Federal Government some confidence that it will be able to meet its aggregate reserve price of $1.08 billion.

It's Six Bidders For Six Licences As Nz Telecom Quits 3g Auction

Telecom Corp of New Zealand has pulled out of the third generation (3G) mobile phone auction, dealing a blow to the Federal Government's hopes of reaching its Budget forecast of $2.6 billion from wireless spectrum sales.

Hopes Of High 3g Prices Vanish

Federal Treasurer Peter Costello must have been laughing a year ago as he looked at the extraordinary prices paid for third generation (3G) wireless spectrum in Britain. Hey, how easy could it be to balance a budget when all these telecommunications carriers would do it for you?

The Force Of 3g: Who Will Survive The Ride?

Australian mobile phone companies are poised this month to start bidding for valuable, government-controlled wireless spectrum, crucial for delivering the next generation of mobile phone services, known as 3G.

Budget Risk As 3g Reserve Is $1.5bn Shy

The Federal Government is possibly looking at further Budget shortfalls to its 2000/01 fiscal year forecasts, after the reserve price of the third generation (3G) mobile phone spectrum was set $1.5 billion below projected revenue forecasts.