Business Update – November
Sale of licences in FM sound broadcasting Auction 28
After recent expressions of Interest, Radio Spectrum Management (RSM) has announced the results of the sale of three FM sound broadcasting spectrum licences that took place in Auction 28.
The licences were auctioned publicly on the Trade Me website and managed by Skylarc on behalf of Radio Spectrum Management, Ministry of Business, Innovation and Employment (MBIE).
The result of Auction 28 is as follows:
| Transmit Location |
Frequency (MHz) |
Reserve Price (Incl. GST) | Sale Price (Incl. GST) | Winning Bidder | Licence No |
|---|---|---|---|---|---|
| Kurow Exchange (Waitaki District) | 92.0 | $1,150 | $4,010 | Daniel Lewis | 412412(external link) |
| Kurow Exchange (Waitaki District) | 93.6 | $1,150 | $3,950 | Rural Internet New Zealand | 412414(external link) |
| Waihi (Hauraki District) | 92.2 | $2,357 | $15,851 | Full Flavour Limited | 412904(external link) |
The licences are valid until 2 April 2031 subject to implementation requirements being met by the successful applicant and bidder.