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UK 5G spectrum auction raises half of the cash expected

20.03.2021
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Operators get the spectrum they need, with no ‘bidding war’

UK regulator Ofcom has announced that the latest 5G spectrum auction has raised £1.36 billion, half of the £2.5 billion expected, and just above the £1.2 billion reserve price, reports the Financial Times. The result is described as a ‘very positive upside surprise’ for the operators, most of whom have ‘strained balance sheets’. BT’s EE, Telefonica’s O2 and Vodafone acquired spectrum in the 700MHz band previously used for television signals, and in the 3.6-3.8 GHz frequencies. 

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UK regulator Ofcom has announced that the latest 5G spectrum auction has raised £1.36 billion, half of the £2.5 billion expected, and just above the £1.2 billion reserve price, reports the Financial Times.

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