Government raised £2.3 billion from 4G auction
The government had hoped to raise £3.5 billion from the 4G auction but only managed to raise £2.3 billion.
Here is the amount each company paid:
- Everything Everywhere paid £588 million.
- Hutchison 3G UK paid £225 million.
- Niche Spectrum Ventures (subsidiary of BT) paid £186 million.
- Telefónica UK Ltd paid £550 million.
- Vodafone Ltd paid £790 million.
Wrong phone number cost more than a billion pounds
4G was meant to earn £3.5 billion for government yet only £2.3 billion was achieved in the auction of phone frequencies.
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