Austria’s Supervisory Board Conducts Hearing for Complaints
According to a latest report, a hearing of complains will be held by the Austria's supervisory board. This hearing will be held to discuss about the 2 billion euro ($2.8 billion) auction for the generation frequencies. This was earlier being criticized for being very costly.
In the Europe's most price-competitive telecoms market, the 4G auction has been increased to four times of what was set by the regulator.
The head of the regulator, Georg Serentschy, said on Friday that the watchdog would hear the operators' complaints at their request but will not be able to change the auction results announced this week.
According to sources, the concerned authorities will decide the date of the hearing next week. The date may fall on the 4th or on the 11th of November.
The Austria's supervisory board will file formal complaints with a specific court. This will be done in order to pursue the grievances of the people.
Hutchison Whampoa's H3G, the country's smallest carrier, won an 18% of the available frequencies for 330 million Euros. It did not buy any of the 800 megahertz (MHz) spectrum.
And for 654 million Euros, Deutsche Telekom's T-Mobile Austria bought rest 32% of the spectrum.
Intensifying the race to develop the so-called ‘robotaxis,’ Fiat Chrysler (FCA) has decided to join a BMW-led alliance to develop self-driving or autonomous vehicles.
Electric car maker Tesla Motors is enjoying a rapid expansion in its used car business, prompting analysts to predict that the company is on the track to triple its used inventory sales.
Technology major Microsoft Corporation has rebuffed Consumer Reports findings on its popular Surface range of tablets and laptops.
Tesla Motors has received tremendous response for its electric vehicles despite their high price tag.
As automobile giants and customers are turning their attention from conventional cars to electric cars, the lack of charging stations continues to discourage many.
While Tesla is yet to officially unveil its next-generation electric semi truck, a report in Reuters added a new turn to the already swirling rumors by claiming that the next-generation truck will have self-driving capabilities.