UK's auction has huge difference in spectrum prices

Companies bidding for spectrum in the U.K. will pay between $63,000 and $1.9 million for rights to airwaves in the 1781.7 MHz-1785 MHz band, paired with the 1876.7 MHz-1880 MHz band because the country's telecom regulator, Ofcom, required sealed bids for the spectrum. Colt Telecom, a fixed operator that wants to target the market with converged services, was the highest bidder (at $1.9 million), while Swedish operator Sprint Mobil won the same rights for just 3.3 percent of the price paid by Colt. Twelve licenses were auctioned.

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