UK 4G Auction Results: Revenue Falls Short of Expectations
The UK telecommunications regulator Ofcom has announced the results of its 4G spectrum auction, which raised a total of £2.34bn ($3.59bn) — noticeably less than many had expected. Observers had anticipated a higher return: the Office for Budget Responsibility (OBR) had forecast roughly £3.5bn ($5.37bn) from the auction, and the contrast with the £22bn raised … Read more