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Thai regulator NBTC has been forced to cancel a planned 1800-MHz spectrum auction after none of the market’s three operators registered to participate. Although True Move, Dtac and AIS all picked up the auction documents, none had filed them by the Saturday…
Ho Chi Minh City is on the brink of a financial windfall, aiming to generate over VND25.4 trillion (approximately US$1 billion) through the auction of six prime land lots in Thu Duc City, notably within the sought-after Thu Thiem urban area. This ambitious…
International auction house Sotheby’s has established its second highest total sales in company history for its Spring 2019 Hong Kong auction series. Second only to the firm’s landmark 40th anniversary sales total in Autumn 2013, Sotheby’s Hong Kong concluded…
Chinese tech firm LeEco has put a Beijing shopping centre up for auction on Chinese e-commerce platform Taobao. Experiencing financial difficulties, yet determined to uphold its online trading practices, the firm has listed the 50,000sqm Beijing Shimao…
An unusually large pink diamond sold for a record-breaking $50 million (about 50.3 million Swiss francs) this week at Christie’s auction house in Geneva. After five minutes of bidding, the 18.96-carat Pink Legacy became the world record holder for price paid…
Chinese used car auction platform Tiantianpaiche has received US$100 million strategic investment Autohome, a Chinese automobile online platform, according to Tiantianpaiche’s announcement on its official WeChat account. Autohome also obtained the right to…
Two bottles of rare 60-year-old Macallan whisky fetched a total of more than US$2 million under the hammer on Friday in Hong Kong, Bonhams said, with both sales shattering the previous world auction record for the spirit. One bottle, bearing a label designed…
MoneyMax Financial Services has launched Singapore’s first online B2B auction platform for luxury goods, SG e-Auction, together with Japanese B2B internet auction company Aucnet Inc. As well as luxury branded merchandise, the site will bring buyers and…
The South Korean government has announced plans to hold an auction for 3.5-GHz and 28-GHz 5G spectrum on June 15. The government has also decided to go with its first proposed option of distributing the spectrum evenly among the nation’s three operators – SK…
Five different companies have reportedly expressed an interest in bidding to become the Philippines’ third operator during next year’s planned new entrant spectrum auction. Companies including Philippines TMT company Now Corporation and ISP Converge ICT…
Myanmar plans to hold an auction for 1800-MHz spectrum in March next year, some three months later than initially expected. The Ministry of Transport and Communications will allocate spectrum to allow operators Telenor Myanmar, Ooredoo Myanmar and MPT to…
The Philippines’ telecoms regulator NBTC plans to hold a spectrum auction for a third entrant into the mobile market in mid-2017. The spectrum surrendered by incumbents Globe and PLDT as a condition of their acquisition of San Miguel’s telecoms assets will be…
India’s major spectrum auction has ended after five days of bidding, raising 657.89 billion rupees ($9.86 billion), far less than the up to $83 billion the government had been anticipating. Just 40% of the airwaves placed on the auction block were sold, with…
Telenor and Myanmar state-owned operator MPT have both lodged expressions of interest regarding taking part in Myanmar’s first spectrum auction in October. The operators are among the potential bidders for 40 MHz of 2600-MHz spectrum reserved for mobile…
India’s Department of Telecom has set the date for India’s largest spectrum auction to date, announcing that bidding will commence on September 29. The massive auction will be preceded by a pre-bid auction on Saturday. The government has also pledged to make…
Thailand’s Dtac has decided not to participate in the upcoming re-auction of 900-MHz spectrum due primarily to the high reserve price. The operator has informed regulator NBTC that it does not plan to bid in the auction Dtac will instead rely on its 20 MHz of…
