Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

2GHz Auction Concludes

18 January, 2001 Media Statement
2GHz Auction Concludes


Minister of Communications Paul Swain, confirmed today that the auction of a key part of the 2GHz spectrum had concluded.

The auction resumed on 8 January following its suspension in December 2000 to give bidders the opportunity to fully consider the government’s announcements in response to the Ministerial Inquiry into Telecommunications.

New rules were also implemented effectively splitting the auction into two parts, enabling each part to be concluded when there was a clear round in it.

“There was a clear round today for the key section of the auction which includes management rights suitable for second and third generation mobile phone services.

“Bidding for this part of the auction closed at $133 million”, Paul Swain said.

“Second generation spectrum has been purchased by Telecom, Clear, Vodafone, Telstra Saturn and Northelia, and third generation spectrum by Telecom, Clear, Vodafone and Telstra Saturn.

“The primary purpose of the auction has been to ensure that the spectrum is allocated efficiently and transparently to the parties who value it the most.

"With the conclusion of the auction, new mobile networks capable of supporting high speed data can now be rolled-out.

"The prices achieved mean good news for consumers. Low prices, compared to those obtained overseas, will ultimately benefit consumers.

“The auction will continue from next Thursday for the other part of the spectrum on offer – a large number of spectrum licences. I anticipate that this part of the auction will draw to a close in the near future,” Paul Swain said.

Results are provisional until verification of compliance with acquisition limits and Commerce Act requirements.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


HiveMind: Fair Enough? How Should New Zealanders Be Taxed? - Have Your Say

Scoop and PEP invite you to share your issues, ideas and perspectives on the NZ tax system with other New Zealanders using Scoop’s HiveMind tool. This Tax HiveMind is intended to complement and feed into the review being run by the Government-appointed Tax Working Group (TWG), which is looking at the fairness, balance and structure of the tax system with a 10-year time horizon.

We at Scoop and PEP believe that an issue as important as the fairness of the tax regime should be open for discussion, debate and dialogue. Unfortunately, a written submission process just doesn’t encourage the kind of public exchange we think is necessary in a well-functioning democracy. More>>

 

Gordon Campbell: On Thompson + Clark & Russia’s World Cup

Daily, the coalition government keeps running into examples of the toxic legacy left behind by National – and just as regularly, even the simple fixes are proving stubbornly difficult to enact. Take the case of the security firm Thompson + Clark ... More>>

ALSO:

Gordon Campbell: On The GCSB’s Security Hang-Up With Russia

So our GCSB has chimed in, alongside its British, Australian and US allies, with warnings about a “fresh wave” of Russian cyber attacks, although the warning has been curiously framed. More>>

ALSO:

PM's Europe Trip: CHOGM & Bilateral Meetings

Prime Minister Jacinda Ardern is in urope for the Commonwealth Heads of Government Meeting (CHOGM) in London and meetings with counterparts in Paris and Berlin. More>>

ALSO:

Hit And Run: AG Gives Approval For Inquiry

Attorney-General David Parker has today announced a Government Inquiry will be held into Operation Burnham and related events. The operation undertaken in Tirgiran Valley, Afghanistan, ... More>>

ALSO:

Addressing Climate Change: No New Offshore Exploration Permits

The Coalition Government is taking an important step to address climate change and create a clean, green and sustainable future for New Zealand, Prime Minister Jacinda Ardern announced today. More>>

ALSO:

Road Safety Summit: Actions To Improve Identified

The Local Government Road Safety Summit held last week identified actions that will lead to lasting changes to road safety in New Zealand, says Associate Transport Minister Julie Anne Genter. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages