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4G auction misses target

Telecoms regulator Ofcom said its auction of 4G airwaves raised £2.3 billion, with the winning bidders named as O2 parent Telefonica, Hutchison 3G, Vodafone, EE and a subsidiary of BT. The Government had hoped to raise £3.5 billion.

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Companies and customers pinning hopes on 4G

Today's 4G auction results are important for a range of people:

  • Companies who want the chance to provide the service
  • Customers who might use 4G might use as much as double the amount of data and spend 10% more
  • Many tech-savvy customers are hungry for more online power to use on the move
  • At the Treasury, the expectation is that the 4G auction will bring in around £3.5 billion

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