NBN Co buys Austar wireless spectrum for $120m
NBN Co will spend $120 million buying spectrum licences owned by Austar for fixed-wireless services to 4 percent of the population.
Construction of the fixed wireless network was expected to begin in December.
"The $120 million payment comprises $58 million for the subsidiary that holds the spectrum licenses with a further $62 million for the assignment of this subsidiary's debt," NBN Co said in a statement.
The spectrum licences covered the 2.3 GHz and 3.4 GHz bands.
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