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Britain to get 2.3 bln stg windfall from 4G airwaves

Wed, 20th Feb 2013 07:13

LONDON, Feb 20 (Reuters) - The British government willreceive a 2.34 billion pound ($3.6 billion) windfall fromairwaves auctioned for 4G superfast mobile broadband, as allexisting four operators won spectrum.

Mobile operators Vodafone, O2, EE and Three all successfully bid, as didfixed-line operator BT, regulator Ofcom said onWednesday.

The Treasury had penciled in total proceeds of 3.5 billionfrom the sell-off.

There is a final stage in the process to determine where inthe 800 MHz and 2.6 GHz bands each winning bidder's new spectrumwill be located, for which bidding will take place shortly, itsaid.

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