Ofcom raises over £1.3bn in latest round of auctions for 5G airspace
A total of 200MHz of spectrum was available to bid for in the auction, split across two bands. 80MHz of spectrum could be located in the 700MHz band, which is ideal for providing wide area coverage in more remote locations with sparser mobile towers. The other 120MHz of spectrum is in the 3.6-3.8GHz band, which is part of the primary band for 5G and capable of boosting mobile data capacity. The four networks, EE, O2, Three and Vodafone, took part in the principal stage of the auction, which involved them bidding for airwaves in 34 ‘lots’ to determine how much of the available spectrum they each secured. EE purchased the largest chunk of spectrum, winning 40MHz in the 700MHz band at a cost of £284m, with an additional 40MHz in the 3.6-3.8GHz band at a cost of £168m. O2 won 20MHz in the…