The court-appointed monitor for struggling Canadian wireless startup Mobilicity has extended the deadline for suitors to bid for the company by a week to December 16, a regulatory filing shows.
Bidders for the Toronto-based startup, which filed for court protection from its creditors earlier this year, now have until noon next Monday to submit their offers in the court-supervised auction, according to a document posted on the website of monitor Ernst & Young Inc.
Ernst & Young said it extended the deadline following requests from several bidders.
Hong Kong authorities have denied that plans to re-auction some of the 3G frequencies currently in use will cause disruption and lead to higher prices for the country’s 3G users.
Frequencies in the 2.1GHz band are due to expire in October 2016, but under a so-called “hybrid approach” regulators plan to re-auction just a third of these frequencies, which – it insists – represents just 7–10% of the overall spectrum held by the incumbent operators.
France’s Iliad has made clear that it plans to continue being a thorn in the side of the country’s incumbent operators by unveiling a range of low-cost tariffs for its new 4G service.
The operator says a 4G service will now be available to consumers for as little as €19.99 ($27.15) a month, or €15.99 for customers who already subscribe to its internet services.
The tariff includes 20GB of monthly data usage and Iliad claims its price is just a fifth of fees being charged by rivals for a comparable service.
Hungary’s telecoms authorities have announced plans to sell licenses for unused spectrum that could be used to support 4G services in an effort to boost competition in the market.
In a statement published this week, the NMHH – which regulates Hungary’s telecoms market – said it would tender unused frequencies in the 800MHz, 900MHz, 1800MHz, 2.6GHz and 26GHz bands.
Hutchison Whampoa's Austrian telecoms unit said it would appeal against the result of a spectrum auction that cost the country's three carriers 2 billion euros ($2.7 billion).
The auction, Europe's most expensive per head of population for fourth-generation (4G) frequencies, took place under strict conditions that allowed the parties no knowledge of each others' bids to minimize the danger of collusion.
The Defense Department has reached an agreement with the broadcasting industry on sharing some radio airwaves, making progress toward President Barack Obama's goal of clearing more valuable spectrum for mobile networks.
Obama directed federal agencies in June to look for ways to give up or share with the private sector more of the airwaves they control, three years after his call to open up 500 megahertz (MHz) of federal spectrum for commercial use to satisfy growing demands from data-hungry devices and services.
T-Mobile US is looking to buy wireless airwaves from larger rival Verizon Wireless to bolster its mobile network capacity for data services, a source familiar with the matter said on Tuesday.
While T-Mobile (Bellevue, WA, USA) has approached Verizon (New York City, NY, USA) about buying the spectrum, the process is still in the early stages, according to the source, who asked not to be named. The source was not authorized to discuss the matter.
The three existing Czech mobile operators, Telefonica Czech Republic, T-Mobile and Vodafone, won an auction of radio spectrum for 4G high-speed mobile data networks, the telecoms regulator said on Tuesday.
The regulator, CTU, said two newcomers, Revolution Mobile and Sazka Telecommunications, did not win any frequencies - a surprise given that auction conditions included setting aside space for a fourth operator.
Belgian telecoms companies Belgacom and Mobistar and Dutch KPN's BASE said on Tuesday they bought licences to operate super-fast 4G mobile services in Belgium for 120 million euros ($161.25 million) each.
The 20-year licences for 800 Megahertz (MHz) spectrum were auctioned by the Belgian telecoms regulator, which had already said at the start of October that there were three bidders for three licences.
T-Mobile US Inc is considering buying spectrum from an unidentified private party and would use some of the proceeds of a planned $2 billion share offering to finance such a deal, the company said in a regulatory filing on Tuesday.
On Monday, after the market close, the company announced an offering of up to roughly 72 million shares and said it could buy wireless airwaves using proceeds from the sale. The share sale could represent the fourth biggest secondary offering so far this year, according to Reuters data.