Sale of 4G spectrum hits snag
There are fears that the $3 billion floor price for the government's 4G mobile spectrum could leave Telstra as the only potential buyer.
The Australian Financial Review (AFR) reports that the available spectrum will be a boon for the highest bidder, and will give those with access to it a competitive advantage through the use of superfast 4G mobile coverage.
But the planned auction for April 16 has hit several hurdles including the withdrawal of Vodafone Hutchison Australia.
While Singtel Optus, Australia's second biggest carrier has hit out against the sale price, with David Epstein, vice-president of corporate and regulatory affairs at the company, telling the AFR it's "unworkable".
He commented: "It is likely to have the effect of restricting investment significantly, raising prices as costs are passed through to consumers and reducing consumer choice."
The sale of this asset was believed to be a major component of the government's plan to reach the now abandoned promise of a surplus.
Telstra and Optus offer a range of 4G phones and to figure out which phone company offers the best mobile plan, talk to a comparison and switching service.
Posted by Eve Gillespie