New Street: South African Telcos 5G spectrum auction: First stage completed is a positive signal for the main auction
After many false starts, the 5G spectrum auction in South Africa has finally started this week. The first stage (reserved for the four smallest players) completed on Tuesday (at low prices, as it was structured to) and we are waiting for the results of the main auction which started yesterday. This auction has been long awaited by the South African telcos and is key given i) telcos have been spectrum constrained for many years, and ii) data volume growth has structurally accelerated post pandemic we think.
MTN Group is a holding company engaged in the investment in the telecommunications industry offering voice services via 2G and 3G networks, including prepaid and postpaid airtime, please-call-me message service, international roaming, electronic voucher distribution services and community payphones, mobile and fixed data products, including short message service (SMS), multimedia message services, internet access, MTN MobileMoney, content portal MTN Play, Google SMS information services, USSD services and corporate data services. Co.'s operations are divided into the following three regions: South and East Africa, West and Central Africa, and the Middle East and North Africa.
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