judgecorp writes: "The UK's auction of spectrum for 4G mobile services raised only £2.3 billion, about two thirds of the amount which the Government was counting on to reduce the budget deficit. The amount is only one-tenth what the last big spectrum auction made (3G spectrum raised £22bn in 2000). The reason is that there are now many other routes to provide data services, and buying spectrum is not a "do or die" decision as it seemed to be last time. And since the last spectrum auction crippled British mobile operators for years, the low value is probably good news for mobile phone providers and subscribers."
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