HONG KONG, 18 December 2018 - Hutchison Telecommunications Hong Kong Holdings Limited (HTHKH or the "Group"; stock code: 215) today announced its subsidiary Hutchison Telephone Company Limited (HTCL) made a successful bid for 5 MHz of paired spectrum in the 1800MHz band and 5 MHz of paired spectrum in the 900MHz band at an auction run by the Communications Authority (CA). HTCL was previously offered the right of first refusal for re-assignment of 10MHz of a paired spectrum in the 1800MHz band.
The auction of spectrum in the 900MHz and 1800MHz bands involved a spectrum utilisation fee of HK$960 million. The effective period for 900MHz and 1800MHz bands of spectrum - commencing 12 January 2021 and 30 September 2021 respectively - will run for 15 years.
HTHKH Executive Director and CEO Kenny Koo said: "Spectrum is a telecoms operator's prerequisite when seeking to provide high-quality network service. We have therefore been devising a bidding strategy for some period of time."
He added: "Acquisition of paired spectrum in the 900MHz and 1800MHz bands will help us allocate network resources with greater precision, while ensuring customers continue to enjoy smooth and stable mobile service, as well as meeting their rising data demands."
The Group has been enhancing network quality and coverage by re-farming existing spectrum and bidding for new spectrum. It will continue to monitor market trends and apply the latest technologies in order to further improve spectrum efficiency - all in the best interests of providing customers with quality service, while progressing towards the new 5G era.
About Hutchison Telecommunications Hong Kong Holdings Limited
Hutchison Telecommunications Hong Kong Holdings Limited (HTHKH, or the Group; stock code: 215) is a leading telecommunications operator providing advanced mobile communications in Hong Kong and Macau under the "3" brand. HTHKH is a member of the CK Hutchison Holdings group (stock code: 1) and channels the latest technologies into innovations that set market trends and steer industry development.
For more information on HTHKH, please visit www.hthkh.com.
For 3 Hong Kong mobile services, please visit www.three.com.hk.
For 3 Macau mobile services, please visit www.three.com.mo.
For media enquiries, please contact:
Corporate Affairs
2128 3108 / 2128 5313
pr@hthk.com
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