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VG to expand in the UK

Ofcom have announced the winners of it’s 4G spectrum auction in the UK.

O2, Vodafone, EE, and Three have all won spectrum, as has Niche Spectrum Ventures, a subsidiary of BT.

4G services are expected to be available on those networks in spring or summer of this year, with O2’s allocation of 800MHz spectrum means that it is obligated to cover 98 percent of the UK population with indoor reception by the end of 2017.

The highest bidder in the auction was Vodafone, who paid over £790 million for a combination of 2.6GHz and 800MHz spectrum, but despite that outlay, the auction actually raised less money than expected. The UK Treasury had budgeted for £3.5billion being spent, but the total amount came to £2.34 billion. For comparison, the 3G spectrum auction in 2000 raised ten times that amount.

Source: The Verge

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