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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
Hutchison Whampoa is to sell a one third stake in its British mobile phone business, Three, for $4.3 billion, Reuters reports.
Vietnam’s Viettel is to acquire the complete assets of Beeline Cambodia; the first time that a Vietnamese firm has acquired an active overseas telecoms operator.
UK mobile operator EE has launched what it claims is the country’s first Wifi calling service, designed to benefit the UK’s increasingly mobile workforce.
Russian billionaire Mikhail Fridman has set up a private-equity fund to invest in telecoms and technology businesses in Europe and the US.
Rogers Communications has launched voice over LTE (VoLTE) services across Canada.
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