TelstraClear pulls out of WiMax auction
Published December 17th, 2007
TelstraClear has pulled out of the bidding for WiMax spectrum being auctioned by the Government, leaving eight bidders sparring for the eight blocks on offer.
Spokesman Chris Mirams says that TelstraClear registered for the auction to keep its options open, but does not believe WiMax wireless broadband services will be competitive with fixed-line broadband, which it can sell by taking advantage of local loop unbundling or by wholesaling Telecom’s network.
The auction of 215MHz of spectrum in the 2.3GHz and 2.5GHz bands kicked off last week. The open-ended Internet auction will end once no new bids are received during two consecutive bidding rounds.
Telcos must bid and be leading the auction for one of the blocks during one of two consecutive rounds to stay in the running.
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