At the press conference, the Ministry of Information and Communications announced the results of the auctions for the right to use radio frequencies in Vietnam. It is known that this is also the first time the Ministry of Information and Communications has successfully organized an auction in 15 years since the Law on Radio Frequencies was recently passed by the National Assembly.
Deputy Minister of Information and Communications Nguyen Thanh Lam chaired the press conference.
Sharing information at the press conference, Mr. Le Van Tuan, Director of the Department of Radio Frequency (Ministry of Information and Communications) said that in March, the Ministry of Information and Communications organized a frequency auction for 4G/5G. Accordingly, Viettel won the auction for the B1 frequency block (2500-2600MHz) with a price of VND 7,533,257,500,000 (seven thousand five hundred thirty-three billion, two hundred fifty-seven million, five hundred thousand dong, having fulfilled its financial obligations); VNPT Group won the auction for the C2 frequency block (3700-3800 MHz) with a price of VND 2,581,892,500,000 (two thousand five hundred eighty-one billion, eight hundred ninety-two million, five hundred thousand dong).
As for the C3 frequency block (3800-3900 MHz), because only 1 enterprise paid a deposit to participate in the auction, according to the provisions of the Law on Property Auction 2016, there was not enough minimum number of enterprises eligible to participate in the auction as prescribed, so the auction was unsuccessful.
According to Mr. Le Van Tuan, after auctioning each block, the Radio Frequency Department monitored news sources from the press and opinions of domestic and international experts. The auction results helped businesses obtain frequencies to deploy broadband telecommunications services. After the two auctioned frequency blocks were granted to businesses, the amount of frequencies granted to mobile information increased by 59% compared to present.
Mr. Le Van Tuan, Director of the Department of Radio Frequency, spoke to the press.
“The frequency range that all businesses are currently allocated is 340MHz, and in the two recent successful auctions, an additional 200MHz was allocated. With the additional frequency range, the quality of mobile broadband services will certainly increase,” Director Le Van Tuan affirmed.
With the unsuccessful auction of the C3 frequency block, according to the provisions of Decree 63, the starting price of the C3 frequency block will be the price paid by the enterprise bidding for the C2 frequency block. That is, after VNPT is licensed, the price paid by VNPT will be officially used as the starting price for the re-auction of the C3 frequency block.
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