Belfast Telegraph

£1.3bn expected from mobile airwaves sale

Ofcom has given operators four weeks to register for what it claims will be the UK's biggest ever sale of mobile airwaves next year.

Prospective bidders must submit a £100,000 deposit to register for the auction of new spectrum, which can be used by smartphones and tablets to provide superfast 4G services at speeds similar to home broadband.

Ofcom expects to raise a minimum £1.3bn, a far cry from the £22.5bn gained by selling 3G frequencies in the dotcom boom of 2000.