UK 4G auction falls below expectations

20 February 2013 | Kavit Majithia

The UK airwave auction has fallen well below early estimates after only raising £2.3 billion with five bidders successfully acquiring spectrum.

Analysts had anticipated as much as £3.5 billion would be raised from the auction, and this sum had already reportedly been factored into government accounts for this year.

The auction was fiercely contested, despite only raising a 10th of the £22.5 billion raised during the 3G auction in 2000.

As the auction finally draws towards a close, the UK will finally...

Topics: UK, 4G, LTE, auction, spectrum, airwave, EE, Vodafone, O2

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