What's Happening?
VNPT has successfully acquired the 700 MHz frequency band in Vietnam's latest spectrum auction, securing the B1-B1’ block for VND 1.99 trillion ($82.9 million). This acquisition is expected to enhance 4G and 5G coverage, particularly in rural and hard-to-reach areas. The 700 MHz band, previously used for analog TV broadcasting, has been reassigned to mobile telecommunications following Vietnam's transition to digital terrestrial television. The expanded spectrum holdings place Vietnam fourth in ASEAN for available mobile frequencies, boosting connectivity and digital transformation efforts.
Why It's Important?
The acquisition of the 700 MHz spectrum by VNPT is a significant step in expanding Vietnam's telecommunications infrastructure, particularly in underserved regions. This development is crucial for improving connectivity and supporting digital transformation initiatives, including IoT applications such as smart cities and precision agriculture. The enhanced coverage and network stability provided by the 700 MHz band are expected to drive economic growth and innovation, benefiting both urban and rural communities. VNPT's investment in the spectrum reflects its commitment to expanding its service offerings and reaching 99% population coverage by 2030.
What's Next?
VNPT is likely to focus on deploying the newly acquired spectrum to enhance its 4G and 5G services, with plans to install over 20,000 5G base stations during 2025. The company may also explore strategic partnerships and collaborations to leverage the spectrum for IoT applications and other digital services. As Vietnam continues to expand its telecommunications infrastructure, there may be further opportunities for investment and innovation in the sector, potentially attracting international interest and collaboration.
