– Maria Miller, Culture Secretary
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.
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.