UK 4G auction raises a billion less than expected

UK regulator Ofcom has raised over a billion pounds less than it expected to make from its long-awaited 4G auction in the country. It had forecast a haul of about £3.5 billion, but ended up netting £2.34 billion instead. In 2000, when mobile operators bid on 3G spectrum in the UK, the regulator raised £22 billion. Ofcom chief executive, Ed Richards, said the figure is much lower because ... [ read the full article ]