MinTIC goals to award spectrum within the within the 700 MHz, 1.9 GHz, AWS, 2.5 GHz and three.5 GHz bands

Colombia’s ICT ministry MinTIC approved Claro, WOM, Tigo and Movistar to take part in an upcoming spectrum public sale by means of which the previous will award 5G frequencies.

With the public sale, which is able to happen on December 20, the federal government of Colombia goals to boost as much as $500 million.

“After analyzing the proposals offered and compliance with the established situations, the ICT Ministry confirms that the 4 operators taken with taking part within the public sale have been approved to take part within the allocation course of,” MinTIC mentioned in a launch.

Tigo and Movistar beforehand confirmed they’ve shaped a three way partnership (JV) with a purpose to take part within the spectrum public sale. The JV can be legitimate for a interval of twenty-two years, counted from the date of the eventual granting of the spectrum use allow. Tigo and Movistar mentioned they “will proceed to behave as impartial market brokers and there can be no restrictions to proceed competing with one another.”

MinTIC goals to award spectrum within the within the 700 MHz, 1.9 GHz, AWS, 2.5 GHz and three.5 GHz bands.

Within the case of the 700 MHz band, a 10-megahertz block can be auctioned with a reserve value of COP 511.7 billion ($125.3 million).

For the frequencies within the 1.9 GHz band, MinTIC mentioned that the reserve value is COP295.5 billion.

Within the AWS band, three blocks of 10 megahertz can be auctioned for a reserve value of COP295.5 billion, whereas the method may also embrace three blocks of 10 megahertz within the 2.5 GHz band, with a reserve value of COP 156.8 billion every.

In the meantime, for the three.5 GHz band the federal government will public sale 4 blocks, every of 80 megahertz, with a reserve value of COP317.71 billion.

Moreover, 8 blocks of 10 megahertz can be supplied within the 3.5 GHz band for the winners of the 60 MHz blocks, in order that they’ll complement the spectrum for the supply of 5G, MinTIC mentioned.

In August, MinTIC had revealed the primary draft of the method, with the technical and authorized elements of the spectrum public sale and the mechanisms of the public sale.

Native operators Movistar and Tigo have already carried out 5G trials within the nation.

5G subscribers in Colombia are forecast to succeed in 37.8 million by 2030, up in comparison with 2.9 million in 2025, based on a latest report by telecom affiliation GSMA.

The report confirmed that 5G penetration by 2025 is anticipated to succeed in 4% whereas it might develop to 43% by 2030.

GSMA additionally famous that 5G networks will cowl 68% of the nation’s inhabitants by 2030, up from 30% in 2025.

5G is forecast to succeed in 57% of the overall cell connections in Latin America in 2030, up from a present penetration of round 2%, based on a latest report by telecom affiliation GSMA.