| The
Telecommunication Authority of Trinidad & Tobago Spectrum Auction
was completed today.
June 23, 2005
The Telecommunication Authority of Trinidad & Tobago Spectrum Auction
was completed today. The auction raised approximately US$25 million
and introduced two new wireless providers, Digicel and LaqTel, to Trinidad
& Tobago. The auction, which was designed and implemented by Market
Design Inc. with the assistance of Criterion Auctions, involved two
auction stages. Stage One of the auction involved simultaneous multi-round
bidding. In Stage Two, two bidders advanced and were allowed to express
their preferences for spectrum through package bidding. Digicel won
five 5 MHz blocks of spectrum, and LaqTel won three 5 MHz blocks.
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