The U.K.'s auction of 4G spectrum has raised £2.34B, below the government's expectation of...

|By:, SA News Editor

The U.K.'s auction of 4G spectrum has raised £2.34B, below the government's expectation of £3.5B and well below the £22B raised in a 3G auction in 2000. Five operators won spectrum, including Vodafone (VOD) with a bid of £791M, Everything Everywhere (DTEGF.PK, FTE) with £589M, Telefonica's (TEF) O2 with £550M, and BT's (BT) Niche with £186.5M.