Colombia eyes raising $499 million in cell service auction

Quick Summary:

BOGOTA : Colombia hopes to raise up to $499 million in an auction to award four blocks to operate 5G cellular data services in the country on Dec.20, the Minister of Information and Communications Technologies said on Wednesday.

"Whoever pays the most wins the spectrum, ...it's impossible for there to be a defect in the procedure," Lizcano said.

Auction winners will be able to begin adapting the networks in 2024, he added.

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Article Details

Category: EconomyBusiness

Markets: SingaporeArgentinaColombiaMexico

Topics: Million Information Auction Experience Technologies Colombia Megahertz Communications Minister Mediacorp Lizcano

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-11-09 @ 03:11:41 (6 months ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 380 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 17057305

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 26 posts per day

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News Last Updated: 7 hours ago

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