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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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Maria Miller: 4G 'a significant economic boost to UK'

Today's announcement will deliver a significant economic boost to the UK. Spectrum use is worth more than £50 billion to the UK economy and 4G mobile broadband is a key part of our digital growth strategy so, I am delighted the auction has been completed.

We worked hard through the autumn to make sure that the operators would be able to use this spectrum 6 months earlier than expected. The benefits will been seen in the UK from the summer onwards as mobile operators deliver competitive high speed mobile broadband services.

– Maria Miller, Culture Secretary

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