Telstra (ASX:TLS) says it has invested $386 million to support its national 5G rollout.
The telco successfully secured between 30 to 80 MegaHertz (Mhz) nationwide in the 3.6 GigaHertz (Ghz) spectrum auction held by the Australian Communications and Media Authority.
Combined with existing holdings, Telstra now has 60 Megahertz of continuous 5G spectrum in all major capital cities.
CEO Andrew Penn says securing the spectrum means Telstra will continue to play the leading role in bringing 5G capabilities and super-fast connections to Australians in both cities and regional areas.
Shares in Telstra (ASX:TLS) closed 1.3 per cent higher at $3.08 on Friday.