Singapore Telecommunications' subsidiary Optus has successfully acquired licenses for a spectrum band that will support its 5G network for A$226.2 million ($232.33 million).

According to a media release dated April 23, the new licenses, in the 26 gigahertz (GHz) spectrum band, will deliver 5G speeds and expand Optus’ 5G network in metropolitan and regional Australia.

SEE:Singtel kept at 'buy' by Phillip as regional associates see recovery

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