Winners of superfast 4G auction set to be revealed

UK mobile phone operators are expected to find out today who has won what in the auction of 4G licenses - permits to run mobile networks at a speed not far off the kind you get from broadband at home or work.

EE, Vodafone, O2 and Three have entered the auction
EE, Vodafone, O2 and Three have entered the auction Credit: Press Association

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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.