Some 37.1 billion baht was raised from the auction of 19 licences in the 2600MHz range, contested by Advanced Info Service (AIS) through its subsidiary Advanced Wireless Network (AWN), True Move H Universal Communication (TUC) and CAT Telecom.
A total of 25 lots were bid on by the participants in the first round but the number went down to 19 in the second, which met the number of licences provided by the National Broadcasting and Telecommunications Commission (NBTC).
The final price on the range reached 1.95 billion baht per licence after the 40-minute auction that started at 12.50 pm.
The amount is only 5% higher than the reserve price of 1.86 billion baht per licence.
Each applicant is allowed to bid on up to 10 licences in the range.
The NBTC has yet to disclose which operators secured the licences on the band.
The National Broadcasting and Telecommunications Commission is holding 5G auctions at its office on Sunday. (Photo by Wichan Charoenkiatpakul)