Ofcom raises £2.34bn in 4G auction, less than forecast

[JustExtreme]

[QUOTE]Telecoms regulator Ofcom has raised £2.34bn from its auction of 4G mobile spectrum, less than expected.

The Office for Budget Responsibility (OBR) had forecast that the auction would raise £3.5bn for the Treasury.

The winning bidders are Everything Everywhere; Hutchison 3G UK; Niche Spectrum Ventures, a BT subsidiary; Telefonica (O2); and Vodafone.[/QUOTE]

Source: [URL]http://www.bbc.co.uk/news/business-21516243[/URL]

Don't worry guys, the shortfall will certainly be made up for by all the taxes paid by the mobile carriers. Oh wait...