Fashion
Thai telecom regulator NBTC has postponed plans to hold a 700-MHz auction for at least three months due to delays establishing details of the auction terms.
The regulator no longer expects to be able to hold the 700-MHz auction in May as originally planned, citing comments from the NBTC’s secretary-general.
Instead the earliest timeline for the auction date may be August or September, as related conditions of the auction, including the reserve price, will not be concluded until May.
Other terms which still need to be established including the process for recalling 700-MHz spectrum to be auctioned and the compensation regime for companies affected by the recall. The regulator needs at least three months to complete related procedures.
According to the report, the delay is also aimed at giving operators more time to arrange bank guarantees.
The NBTC plans to push on with the auction regardless of the official outcome 2019 Thai general elections – Thailand’s first general election since the 2014 coup – which was held on Sunday.
