Business
What’s with the Telstra (ASX:TLS) share price and other telcos today?
Shares in ASX-listed telco companies barely moved today following the outcome of the 26 GHz band spectrum auction.
The share prices of Telstra Corporation Ltd (ASX: TLS), TPG Telecom Ltd (ASX: TPG), and Pentanet Ltd (ASX:5GG) have all remained fairly flat as the end of trading closes in.
Telstra pays a hefty price for its share
The Australian Communications and Media Authority announced the results of its 26 GHz auction on Friday. Australian telcos placed their bids over the last month in an attempt to secure licenses of the 5G optimised spectrum.
With the spectrum split into 360 available lots, 358 were sold for a combined total of $647.6 million. These 358 lots were snagged by just 5 competing bidders, listed below:
- Pentanet…
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