Ofcom sets total 4G auction reserve price of £1.3 billion
Ofcom has announced that the total reserve price for the auctions of the 4G mobile spectrum will be set at £1.3 billion.
The auction, which will be the largest sale of mobile airwaves to take place in the UK, will allow bidders to supply 4G mobile services to customers across the UK, with EE becoming the first supplier to do so earlier this month.
The deadline for applications to participate in the auction has also been provisionally set as 11 December and new services expected to be rolled out early next Summer.
Ed Richards, chief executive of Ofcom, said: "Today marks an important shift from preparation to the delivery of the auction, which will see widespread 4G mobile services from a range of providers.
"The entire industry is now focused on the auction itself, with a shared goal of delivering new and improved mobile services for consumers."
A 4G consumer page has also been launched by Ofcom today, offering information on the auction and consumer benefits from the 4G service.