BANGKOK, Oct 16 – The auction of 3G licenses was completed today with an average bid of Bt4.5 billion while the highest bid was Bt4.95 billion.

The National Broadcasting and Telecommunications Commission (NBTC) initially set a minimum bid of Bt4.5 billion per five MHz which represents 70 per cent of the total value of the 3G spectrum as evaluated by an ad hoc committee from the Faculty of Economics at Chulalongkorn University.

Read more: MCOT