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Taiwan has concluded an LTE auction, generating a total of NT$118.65 billion (US$4.02 billion), which was 223.5% in excess of the total floor price, according to the National Communications Commission (NCC).

A total of 270MHz of frequency spectrum, in the 700MHz, 900MHz and 1,800MHz bands, was auctioned for mobile broadband. The total bidding price for the 1800-MHz band was NT$78.785 billion while the 700-MHz band was NT$35.2 billion and the 900-MHz band was NT$9.345 billion.

After 393 rounds of bidding over 40 days, six companies won LTE spectrum. Bidders included all four of the country’s 3G licensees – Chunghwa Telecom, Taiwan Mobile, Far EasTone and Asia Pacific Telecom.

The other three companies included Foxconn Group subsidiary Ambit Microsystems; a mobile telecom company newly established by the Ting Hsin International Group; and another new company set up by the Shinkong Group, which dropped out on the sixth day of the auction.

Taiwan aims to issue 4G licenses by June 2014.

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