Taipei Times
Date: Dec 27, 2019
By: Shelley Shan / Staff reporter
The National Communications Commission (NCC) yesterday urged the nation’s five telecoms to “remain calm and rational” after overall bids in the first 5G spectrum auction exceeded NT$70.3 billion (US$2.33 billion).
“What telecoms spend bidding for 5G spectrum and building 5G networks would all be part of their operating costs. We will pay attention to the fees they set once 5G services become available to consumers,” the commission said.
The results of the 13th day of the auction far exceeded the commission’s expectations.
Before the auction began on Dec. 10, the commission had estimated that it would end within one to two weeks, with total bids of no more than NT$60 billion. [FULL STORY]