Ofcom raises over £1 billion via auction of 34 lots of spectrum
Date: 2018-04-08   Author: Ojaswita Kutepatil  Category: #market

Ofcom raises over £1 billion via auction of 34 lots of spectrum

UK telecommunication regulator Ofcom has recently announced that it has raised close to GBP 1.35 billion (USD 1.89 billion) via an auction of spectrum in two frequency bands - 2.3-GHz (4G) and 3.4-GHz. Apparently, the auction of 34 lots of spectrum across the 2.3-GHz and 3.4-GHz bands was intended to enhance the capacity of the existing 4G networks and further allow operators to ramp up for the arrival of 5G network by acquiring the 3.4-GHz spectrum.

Sources reveal that the initial level 5G spectrum auction of Ofcom is completed & it looks like O2 has secured the 40 MHz spectrum on the 4G band. Reportedly, the 5G bid has cost the company nearly GBP 317.72 million for acquiring 30 MHz of 3.4-GHz spectrum, while the 4G bid cost it GBP 205.9 million for acquiring all the 40 Hz of the 2.3-Hz spectrum.

Speaking of the other prominent participants in the auction, Vodafone has managed to secure 50MHz of the 3.4GHz spectrum for GBP 378.24 million, ensuring a prominent position in the 5G network space, cite sources. Meanwhile, Everything Everywhere grabbed 40 MHz for GBP 302.59 million and the operator of the Three brand - Hutchison 3G UK secured 20 MHz for GBP 151.29 million.

CCS Insight principal analyst for operators, Kester Mann revealed that this auction was more important to O2 than any of its contemporaries and the results clearly offer it with the certainty to carry on its mobile-centric strategy in the regional market. He further added that the results are also likely to give some clarity to the parent firm Telefonica over its intended IPO for the network.

Having successfully completed its principal stage, sources cite that Ofcom as of now intends to move on to the assignment stage that would in turn enable auction winners to bid on the location of their new 5G network.



About Author


Ojaswita Kutepatil

Ojaswita Kutepatil

Ojaswita Kutepatil, a mechanical engineer by qualification, worked as a BDE and Technical Engineer before switching her profession to content writing. Currently, she works at AlgosOnline. as an Content writer, where she pens down write-ups pertaining to the market res...

Read More

More from Ojaswita


Post Recommendents

Unexpanded Perlite Market By Application 2018 to 2024 - Slag Coagulant, Sandblasting, Agriculture, Casting Sand & Mixtures
Author: Rahul Varpe

The qualitative research study conducted by Global Market Insights, Inc. titled “Unexpanded Perlite Market” provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after...


Medical Ultrasonic Baths Market Set to Register robust CAGR During 2019-2025
Author: Partha Ray

Market Study Report added new report “Global Medical Ultrasonic Baths Market analysis 2019-2025†The report focuses on global major leading industry players with information such as company profiles, end users/applications, product and s...


Quartz Tubing Market Growing at Steady CAGR to 2025
Author: Partha Ray

A new research document with title Global Quartz Tubing Market Report covering detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like North America, Europe and Asia-Pacifi...