At the end of a complex bidding process, the 4G auction has its victors and has raised £2.34bn for the public purse. About 90% less than the price paid at the 3G sale 13 years ago - at the height of the dot-com bubble. It's also more than £1bn short of what the chancellor estimated in his autumn statement.
The relatively modest amounts raised by the auction may well be attributable to the limited success enjoyed by EE since launching the 4G service. Results published last week for EE’s financial end of year show contract net additions actually falling by over a third in 2012 Q4. It’s been suggested that this may be down to the way EE have been pricing their data bundles; offering only the same amount of data as on 3G platforms (resulting in customers running out of data early within the contracted month). The recent reduction in the price of EE’s most basic tariff (by £5 a month) may well be a move to remedy these perceived short comings.