New Zealand is the latest country to set out rules for an upcoming 4G auction, which will take place at the end of October. It will sell 700-MHz licences, with nine lots of 2×5 MHz on offer, for a reserve price of NZ$22 million ($17.6 million). The government has spent $157 million clearing the 700-MHz band to allow the spectrum to be used for mobile networks. Bidders will initially be limited to buying no more than three lots each, though that may increase to four if some lots are left unsold after the first round.
Source: telecomasia.net