UK Government Aims to Raise $5.6 Billion from 4G Spectrum Auction
Published on: 6th Dec 2012
Note -- this news article is more than a year old.
By: Simon Davies
The UK government expects to raise around $3.5 billion (US$5.6 billion) from next year's delayed auction of its 4G radio spectrum.
The figures were released in an autumn statement about the UK government finances.
In its statement, the HM Treasury department said that the "commercial auction for 4G spectrum, being overseen by Ofcom, is due to be completed by March 2013. Following formal assessment, based on independent analysis of the likely valuation of spectrum receipts by the OBR [the Office for Budget Responsibility], the spectrum receipts will be reflected in this Autumn Statement at £3.5 billion."
The expectation is higher than the reserve price, which would raise just £1.2 billion (US$2 billion) if the lots were all sold at the lowest possible price.
The auction itself is due to take place in January, with licenses awarded in February/March with the expectation that the first networks will launch services in May/June time.
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