Seven bidders enter 4G spectrum auction
Seven whole bidders have entered the bidding battle for 4G spectrum and it is ten times more exciting than the 1986 World Cup Final. BT, someone called MLL Telecom and Hong Kong's PCCW Limited are throwing money around, as well as existing mobile networkers EE, Vodafone, Telefonica (O2) and Hutchison (Three).
Bidders will be competing for spectrum in two separate bands (800 MHz and 2.6 GHz) with the lower 800 MHz frequency being the one freed up when television went digital.
There's a reserve of £1.3bn on the total spectrum being auctioned, which doesn't seem like a great deal of money for the amount that stands to be made from it.
Ed Richards, Ofcom chief executive, says: “The 4G auction will be a competitive process that will dictate the shape of the UK mobile phone market for the next decade and beyond. New 4G services will stimulate investment, growth and innovation in the UK and deliver significant benefits to consumers in terms of better, faster and more reliable mobile broadband connections.”
That's if our phones work while 3G battles with 4G in the air, as many Orange customers have found out lately.
Either way, this is who it'll work out in 2013: January will see the start of bidding begins and February and March will see the bidders being informed if they were successful or not. Then, in May or June, the new 4G services will be launched.