TelstraClear has sold a 5 MHz chunk of its third generation mobile spectrum to Vodafone.
When Telstra bought Clear it ended up breaching government rules on 3G spectrum ownership by having more than the maximum allowed to one company.
TelstraClear has sold to Vodafone the 5MHz slot that borders Vodafone's existing spectrum. The sale means both companies have the maximum 15MHz each.
3G spectrum will be needed when mobile phone companies move into high-speed data space in the next couple of years. Current phones, so-called 2.5G, are capable of speeds up to 155Kbit/s while third generation phones should be rated up to 2Mbit/s.
Although Vodafone paid over $10 million for its existing 10MHz block at the auction, there is no indication of just how much money changed hands in this deal.
Meanwhile, the next government auction of spectrum is scheduled to begin in the middle of this year. That will include nine blocks from 3.4 to 3.6 GHz, which will be used for wireless local loop services; five blocks of 24.5 to 26.4 GHz, suitable for short range-high bandwidth services such as local multipoint distribution service (LMDS) and spectrum designed for existing cellphone operation.