4G auction will bring in £3.5bn, says Government

4G auction will bring in £3.5bn, says Government

The forthcoming 4G auction has been predicted to raise £3.5bn for the Government, Chancellor George Osborne has said.

The proceeds are substantially lower than the £22.5bn raised during the 3G auction in 2000. The disclosure was made during the Chancellor's autumn statement. Ofcom is expected to complete the auction, which will sell 800MHz and 2.6GHz spectrum, by March 2013.

Osborne also announced that 12 cities will take a share of the £50m fund earmarked for bringing high-speed broadband and wireless services to consumers. The cities are Brighton and Hove, Cambridge, Coventry, Derby, Oxford, Portsmouth, Salford, and York in England; Aberdeen and Perth in Scotland; Newport in Wales; and Derry in Northern Ireland.

It is the second wave of cities to receive funding after six cities were earmarked for public sector cash in the Budget earlier this year. The Government has said it wants the UK to have the best broadband network in Europe by 2015.

Editor: Graeme Neill

Written by Mobile Today
Mobile Today


Please wait...

Please write code to prove you're human