Audit office to investigate low returns from UK LTE auction, paper says
The investigation was triggered, it says, following comments made by the head of Ofcom following the auction, who defended the lower bid levels by arguing that ‘maximising the auction price’ was never designed to be the sole purpose of the tender process. It is understood that the NAO will now investigate whether the lower-than-expected monies for the state budget will be offset by the wider benefits of lower retail costs for end users.
Welcome acknowledgement that there may be wider benefits than the indirect taxation benefits of high priced spectrum.