Thailand raises US$3.2bil at 5G license auctions

A 5G sign in Monaco, last year. On Feb 16 in Thailand, operators snapped up 48 5G licenses ahead of an expected commercial rollout later this year. — Reuters

BANGKOK: Thailand's telecoms regulator raised 100.52 billion baht (RM13.35bil) in 5G spectrum auctions on Feb 16, with operators snapping up 48 licenses ahead of an expected commercial rollout later this year.

Thailand's top mobile operator, Advanced Info Service Pcl, emerged as the biggest winner with 23 licenses across all three spectrum bands in the auctions that lasted over five hours.