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Auction of 4G mobile airwaves raises lesser-than-expected A 2.3 billion

2013-02-20 12:48:56| Telecom - Topix.net

ALL the major mobile phone companies were successful in the bidding process but the end figure will disappoint Chancellor George Osborne as the Government's tax and spending watchdog had predicted a A 3.5 billion price.

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UK 4G auction raises GBP 2.3 bln from 5 winning bidders

2013-02-20 09:22:00| Telecompaper Headlines

(Telecompaper) The UK's LTE auction has completed with total proceeds of GBP 2.3 billion and five bidders winning spectrum, regulator Ofcom announced. Vodafone UK paid the highest amount, at GBP 790.8 million for 2x10MHz in the 800MHz band, 2x20MHz in the 2.6GHz band and 1x25MHz in the 2.6GHz band. Everything Everywhere, the joint venture of T-Mobile and Orange, paid GBP 588.9 million for 2x5MHz in the 800MHz band and 2x35MHz in the 2.6GHz band. Telefonica, owner of O2 UK, followed with total bids of GBP 550 million for 2x10MHz in the 800 MHz band, which carries a special obligation of indoor coverage for 98 percent of the population by end-2017. 3 UK acquired 2x5MHz in the 800MHz band for a total price of GBP 225 million, benefiting from a spectrum reservation in Ofcom's efforts to create a fourth national wholesale. Niche Spectrum Ventures, a subsidiary set up by BT, acquired 2x15MHz and 1x20MHz in the 2.6GHz band for a total GBP 186.5 million.

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