– Corin Taylor, Senior Economic Adviser to the Institute of Directors
The Chancellor will be disappointed with the amount raised by the auction, but it is good news that we can now get on with implementing 4G.
Consumers will benefit from the good number of competitors in the 4G market, and we must now encourage investment to get the necessary infrastructure put in place nationally.
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.