Home News UK’s 5G Spectrum Auction Disappointed Analysts By Only Raising £1.36bn

UK’s 5G Spectrum Auction Disappointed Analysts By Only Raising £1.36bn

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The UK’s latest spectrum auction has disappointed analysts by raising just £1.36 bn, which is half than what was expected. 

The previous 5G sale, held in 2018, raised about £1.35bn. Many analysts predicted that this sale will yield almost double the previous sale, but that didn’t turn out to be true.

The amount raised in the latest auction is just above the £1.1bn reserve and a fraction of the £22.5bn raised at the UK’s 3G auction. 

The latest auction was supposed to be held last year but was delayed due to the pandemic. According to some sources, the auction went smoothly in the end, and one representative called it the “sweet alignment” between what each network needed to fill out its spectrum position and what was on offer.

BT which owns EE, and Telefónica’s O2 were the biggest spenders in the latest 5G sale, they both spend above £ 450M to boost their spectrum position. 

They acquired spectrum in the lower 700MHZ bands, which were previously used to broadcast television signals, and the higher 3.6-3.8 GHz frequencies.

Suggested: UK Police Arrest 142 In Biggest Global Crackdown On Phone Scammers

Both the leading companies had the most to lose during this auction. For BT, the auction was the beginning of hurdles, and the company might face more difficulties in the coming months. 

On the other hand, O2 is in the last stages of merging with Virgin Media to strong-arm itself against BT in the growing 5G and broadband era.

Three, owned by CK Hutchison has the largest spectrum holding for 5G services after acquiring assets from its sister company in 2017. The company has recently spent £280M to enhance its Low band position to improve the network’s strength.

Meanwhile, Vodafone has only spent in higher frequencies giving a modest amount of £178M.

If you don’t know what a spectrum is, it is a resource that determines the speed and capacity of an operator’s wireless network.

Lately, lower band frequencies have been more useful for mobile phone services. But now, higher band services will be used for 5G. To be competent, companies have to expand their spectrum holdings and make room for 5G services.

To know more about the latest news, keep reading Mangoster’s blog.

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