Taiwan’s Blowout 5G Auction Shows Carriers Willing to Pay Big
- Bids for key band ‘blowing away expectations,’ says New Street
- Taiwan’s carriers compete for scarce bandwidth offered
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Bids in Taiwan’s auction of fifth-generation networking airwaves have exceeded NT$100 billion ($3.3 billion), a sign of robust demand as carriers race to deploy new wireless networks for applications including smart manufacturing and autonomous cars.
Chunghwa Telecom Co., Far EasTone Telecommunications Co., Taiwan Mobile Co. and two other rivals are bidding for preliminary licenses to the spectrum they need to operate their future 5G networks. Bidding continued Tuesday after the total on Monday surpassed NT$100 billion, 98% of which was for rights to use the 3.5GHz band.