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Everything Everywhere to auction UK spectrum
11 January 2012
UK venture of Deutsche Telekom and France Telecom to appoint RBS to manage sale of surplus spectrum
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spectrum
UK
Everything Everywhere
Orange
T-Mobile
France Telecom
Deutsche Telekom
Everything Everywhere is to start auctioning spectrum in the 1800 megahertz band in February. The UK operator could get up to £400 million from the auctions, according to the Financial Times.
The company is reportedly in talks to task Royal Bank of Scotland with monitoring the process. European competition regulators have asked the operator, which was formed as a UK mobile joint venture of Deutsche Telekom’s T-Mobile and France Telecom-Orange, to sell some bandwidth as the joint services of the venture partners made it the biggest mobile operator in the UK in terms of subscribers.
The auction is expected to attract offers from rival market players including Vodafone, Three and O2, though the FT suggests other companies including Google, BT and Apple may also put in bids.
Everything Everywhere recently said that it will invest over £1.5 billion in itsUK network, and the proceeds from the auction could be used for this purpose. GTB
Further reading from Global Telecoms Business:
China Telecom launches UK mobile network 04 Jan 2012
Everything Everywhere £1.5bn network spend 09 Dec 2011
Everything Everywhere to cut 550 staff 03 Nov 2011
UK networks to use Virgin backhaul 06 Sep 2011