A full spectrum of 4G prices

Stephen Conroy's reserve price for 4G mobile spectrum is too high, but unfortunately for Australia's telcos it looks low in comparison to a deal between AT&T and Verizon.

Now that the government has given up on making a surplus this year it could come up with a more sensible reserve price for the forthcoming auction of mobile spectrum and stop trying to use it as a tax, but it probably won’t.

Especially after AT&T paid Verizon $1.9 billion for some of the same spectrum on Friday, much more than the Australian reserve price.

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