Hutchison Telecommunications Hong Kong Holdings (HK:0215) has released an update.
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Hutchison Telecommunications Hong Kong Holdings Limited’s subsidiary, HTCL, has been announced as the provisional successful bidder for new radio spectrum bands, which will enable them to continue offering 5G services in Hong Kong for the next 15 years. The acquisition involves a spectrum utilization fee of approximately HK$637 million, payable to the Communications Authority, and allows HTCL to maintain its competitive edge in the mobile telecommunications market. This strategic move highlights the company’s commitment to expanding its service capabilities and enhancing network coverage.
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