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UK auditors to probe Ofcom's 4G spectrum auction
THE UK NATIONAL AUDIT OFFICE will look into Ofcom's 4G spectrum action after it failed to reach its £3.5bn target.

The UK 4G auction took place earlier this year, and saw big mobile operators including O2 and Vodafone bidding for parts of the 4G spectrum. However, the mobile networks didn't bid quite as much as George Osborne would have liked, with the auction falling £1bn short of its £3.5bn target. However, the result met Ofcom's reserve price of £1.3bn.

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