South Korean government has set initial price for its 5G spectrum. The auction will start from 3.3 trillion won, the government announced.
The Ministry of Science and ICT said 280MHz bandwidth of 3.5GHz spectrum and 2400MHz bandwidth of 28GHz spectrum will be available for a block auction.
According to the other conditions set for auction, one operator will only be able to purchase 100MHz, 110MHz, or 120MHz of the 3.5GHz spectrum to avoid winner-take-all.
3.5GHz spectrum’s 280MHz will start at 2.6544 trillion won and 28GHz spectrum’s 2400MHz at 621.6 billion won.
The 3.5GHz spectrum will be sold in 10MHz blocks with a starting bid of 94.8 billion won each in 28 rounds. The 28GHz will be sold per 100MHz with an entering bid of 25.9 billion won each in 24 rounds.