Thailand 3G auction raises $1.4 billion
October 18 , 2012
Thailand has raised $1.4 billion from the long-awaited auction of 3G telecommunications network.
The country’s National Broadcasting and Telecommunications Commission (NBTC) sold nine licences to the country's three biggest telecom firms on Wednesday.
The move is expected to help the firms provide more services to smartphone users and increase revenues.
In comparison to neighboring nations, Thailand lags behind in implementing 3G technology.
Its 3G auction has taken place nearly ten years after Japan first implemented its 3G network. Preparation to introduce 4G networks is now underway in Japan.
The delay in upgrading the network and infrastructure has been blamed on domestic political struggles.