TPG and newcomers pass on Australia 5G spectrum sale

Optus and Telstra shared the spoils at this week’s auction of sub-1 GHz frequencies for 5G in Australia, with smaller rival TPG declining to participate and new market entrants failing to materialise.
The sale of 16 lots of spectrum in the 850/900 MHz band raised A$2.09 billion, the Australian Communications and Media Authority (ACMA) noted. Optus accounted for almost three quarters of the figure, parting with A$1.48 billion for 12 lots, while Telstra committed A$615.7 million to secure th