Advertisement

  1. National

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.

View all 15 updates ›

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.

More on this story