Dec 10 (Reuters) - Tpg Telecom Ltd TPM.AX :
* JOINT VENTURE ACQUIRES 5G SPECTRUM NATIONALLY
* MOBILE JV TO PAY $263.3 MILLION IN EARLY 2020 FOR LOTS IN AUCTION THAT IT HAS PURCHASED
* WEIGHTED AVERAGE OF PRICE PAID FOR SPECTRUM IN AUCTION WAS ABOUT $0.29 PER MHZ PER HEAD OF POPULATION
* MOBILE JV IS A 50/50 JOINT VENTURE AND TPG IS REQUIRED TO FUND ONE HALF OF PURCHASE PRICE AT TIME OF PAYMENT
* SAYS ITS JV WITH VHA AUSTRALIA, MOBILE JV PTY LTD, HAS BEEN A SUCCESSFUL BIDDER IN AUCTION FOR SPECTRUM IN 3.6GHZ BAND
* MOBILE JV SECURED BID FOR 12 5MHZ LOTS IN SYDNEY, MELBOURNE, BRISBANE, CANBERRA, ADELAIDE, AND PERTH