Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


4G spectrum auction in third quarter, no iwi allocation

4G spectrum auction in third quarter, no iwi allocation

Feb. 21 (BusinessDesk) - The government will auction allocations for the radio spectrum band being set aside for fourth-generation, or 4G, mobile phones in the third quarter of the year, but won't have a sweetener for iwi.

Communications Minister Amy Adams said the auction process for the 700 megahertz bandwidth coming free from the switch-over to digital television broadcasting has been approved by Cabinet, and the blocks will be set according to the Asia Pacific Telecommunity band plan. The auction design will be organised over the next few months, she said.

"The use of mobile broadband services is growing at an enormous rate in New Zealand," Adams said in a statement. "Fast, reliable access to mobile broadband is enabling improvements in productivity and ease of business, and providing new applications for consumers."

In 2010, the government accelerated the elimination of analogue TV broadcasting in the 700 MHz range, with the digital switchover to be completed by the end of this year.

Freeing up use of that spectrum will provide a $1.1 billion to $2.4 billion boost to the economy over 20 years from cheaper deployment of mobile networks, according to Ministry of Economic Development research.

Adams didn't set aside a specific allocation for Maori, and will instead look at setting up a $30 million ICT development fund looking at how government can help Maori leverage potential benefits from new technologies.

Third-generation radio spectrum was set aside for Maori in the last major auction in 2000 under the Labour-led administration, which was the foundation for mobile phone operator Two Degrees Mobile.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Job Cutter Goes: Mark Weldon To Step Down As MediaWorks CEO

“When I joined MediaWorks in August 2014, I had a mandate to lead a significant change programme to bring the business back from receivership into a position where it could once again be a strong competitor in the market, with a sound and sustainable future. It was a big brief, laden with inherent challenges, but I took it in good faith and have dedicated myself fully to the goal since." More>>

ALSO:

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news