Four mobile network operators have successfully bid for the 5G spectrum in the 3.3 GHz band, with total spectrum utilisation fees of $665 million, the Office of the Communications Authority announced today.

The operators are Hutchison Telephone Company, Hong Kong Telecommunications, SmarTone Mobile Communications and China Mobile Hong Kong Company.

They are required to pay the spectrum utilisation fees and to submit performance bonds to guarantee compliance with the network and service rollout requirement by December 11.

The assignment of the spectrum will take effect in December with a validity period of 15 years.

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