By 9 PM on the 16th the price per licence will be over $1.7 billion (61 billion baht).
A doctor is provided by the NBTC and bidders will not be allowed to leave their sealed rooms even for medical emergencies.
Takorn explained of one significant change to the auction process compared to last month’s 1800 auction. The payment schedule has been modified to 50% of the estimated price in the first year, 25% in the second and third years and any excess to the estimated price in the fourth year. This will stop the banks from fixing the auction through setting bank guarantee limits in advance and will allow the bidders to bid to the sky, he said.
In addition to the accommodations for bidders, 20 sleeping tents and mattress have been provided for media to camp out.
That is, if the auction happens at all.
In a strange twist, Thailand’s Ombudsman has written a letter to state telco TOT and the Ministry of Finance saying both should reconsider filing for an injunction for tomorrow’s 900-MHz auction if they believe it would cause financial damage to TOT.
TOT claims that it has rights to 900 MHz under an old ruling by the now defunct National Frequency Management Commission order issued in December 1990.
The letter which was published on Friday 11th was in response to a TOT union letter to the ombudsman after its request for an injunction was rejected by the courts.