MinTIC intends to award spectrum in the in the 700 MHz, 1.9 GHz, AWS, 2.5 GHz and 3.5 GHz bands
Colombia’s ICT ministry MinTIC licensed Claro, WOM, Tigo and Movistar to take part in an approaching spectrum auction through which the previous will award 5G frequencies.
With the auction, which will occur on December 20, the federal government of Colombia intends to raise as much as $500 million.
” After evaluating the propositions provided and compliance with the recognized conditions, the ICT Ministry verifies that the 4 operators thinking about taking part in the auction were licensed to take part in the allowance procedure,” MinTIC stated in a release.
Tigo and Movistar formerly validated they have actually formed a joint endeavor (JV) in order to take part in the spectrum auction. The JV will stand for a duration of 22 years, counted from the date of the ultimate giving of the spectrum usage license. Tigo and Movistar stated they “will continue to function as independent market representatives and there will be no limitations to continue taking on each other.”
MinTIC intends to award spectrum in the in the 700 MHz, 1.9 GHz, AWS, 2.5 GHz and 3.5 GHz bands.
When it comes to the 700 MHz band, a 10-megahertz block will be auctioned with a reserve rate of police 511.7 billion ($ 125.3 million).
For the frequencies in the 1.9 GHz band, MinTIC stated that the reserve rate is COP295.5 billion.
In the AWS band, 3 blocks of 10 megahertz will be auctioned for a reserve rate of COP295.5 billion, while the procedure will likewise consist of 3 blocks of 10 megahertz in the 2.5 GHz band, with a reserve rate of police 156.8 billion each.
On The Other Hand, for the 3.5 GHz band the federal government will auction 4 blocks, each of 80 megahertz, with a reserve rate of COP317.71 billion.
Furthermore, 8 blocks of 10 megahertz will be used in the 3.5 GHz band for the winners of the 60 MHz blocks, so that they can match the spectrum for the arrangement of 5G, MinTIC stated.
In August, MinTIC had released the initial draft of the procedure, with the technical and legal elements of the spectrum auction and the systems of the auction.
Regional operators Movistar and Tigo have actually currently performed 5G trials in the nation.
5G customers in Colombia are anticipated to reach 37.8 million by 2030, up compared to 2.9 million in 2025, according to a current report by telecom association GSMA.
The report revealed that 5G penetration by 2025 is anticipated to reach 4% while it would broaden to 43% by 2030.
GSMA likewise kept in mind that 5G networks will cover 68% of the nation’s population by 2030, up from 30% in 2025.
5G is anticipated to reach 57% of the overall mobile connections in Latin America in 2030, up from an existing penetration of around 2%, according to a current report by telecom association GSMA.