The results of the much-anticipated auction of the digital dividend spectrum has been announced today by the Australian Communications and Media Authority (ACMA), with revenues barely passing reserve prices and some spectrum remaining unsold.
All three bidders—Optus Mobile, Telstra and TPG Internet—secured spectrum in the auction, resulting in total revenues of $1.96 billion. Four companies initially applied to participate in the auction. However, Vodafone Hutchison Australia withdrew before the auction, which started on 23 April 2013.
“This decades-long process of spectrum reform has already transformed the television industry, delivering greater diversity and better technical quality of television services to viewers. It will be complete when the new licences in the 700 MHz band become operational at the beginning of 2015,” said the ACMA’s chairman, Chris Chapman.