Commentators were sceptical. Victor Basta, managing director of a company that advises technology companies on their IPOs, was underwhelmed by the results.
“The disappointing revenues from the 4G auction, well below government forecasts, are a reflection of the challenges that mobile operators face in growing revenues from their users in the social media age. Data-heavy social media services are causing huge growth in data traffic across mobile networks,” said Basta.
“Mobile operators increasingly find themselves in a role that is about supporting end users’ social networking habits, with little, if any, commercial benefit. Social networking has effectively turning mobile network operators into digital drug mules.”"
Link to Original Source