4G/5G spectrum auction raises £1.36bn

Cobham Wireless supplied this image

O2 spent £524 million on two blocks of spectrum – one in the 2.3GHz band which will be used to boost 4G services and another in the 3.4GHz band which will be used for 5G.

EE bought a block in the 3.4GHz band for  £303 million.

Vodafone also bought a 3.4GHz block for £378 million.

Both EE and Vodafone were unable to bid for 2.3GHz spectrum because they already have the limit allowed.

Three paid £151 million for 3.4GHz spectrum.



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