Sale of 4G airwaves falls short of government target
Telecoms regulator Ofcom said its auction of 4G airwaves raised £2.3 billion, well below the government’s £3.5 billion target.
The Chancellor George Osborne had mentioned the projected income as part of his claim in the Autumn Statement that borrowing could be reduced.
ITV News Consumer Editor Chris Choi reports:
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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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