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Asia300

Malaysia's telecom players pay upfront fee for 3G spectrum

Analysts said $30.38 million upfront fee coupled with annual fixed fee look cheap

Women use their mobile phones at a university in Semenyih, outside Kuala Lumpur, Malaysia November 3, 2017.   © Reuters

KUALA LUMPUR (Nikkei Markets) -- Malaysia's top three telecom companies Tuesday said they each paid an upfront fee of 118.4 million ringgit ($30.38 million) and agreed to annual fixed payment of 50 million ringgit for the 2100MHz spectrum that is used for third generation, or 3G, wireless mobile telecommunications networks.

The spectrum assigned to Axiata Group, Maxis, and DiGi.Com will be effective Apr. 2 and will be valid for 16 years, the companies said in separate stock exchange filings.

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