TOP NEWS: Ofcom Confirms Bidders For Upcoming Airwave Auction

(Alliance News) - The UK telecommunications regulator on Thursday announced the confirmed ...

Alliance News 7 January, 2021 | 11:09AM
Email Form

(Alliance News) - The UK telecommunications regulator on Thursday announced the confirmed companies due to take part in the upcoming spectrum auction.

Ofcom said in December that BT Group PLC's EE Ltd business, CK Hutchison Holdings Ltd's Hutchison 3G UK Ltd, Telefonica UK Ltd and Vodafone Ltd had qualified to take part in the auction.

As of Thursday, they are now established bidders in the auction to release airwaves in the 700 megahertz and 3.6 to 3.8 gigahertz bands.

"We are keeping the timing of the start of bidding in the auction under careful review in light of the recent worsening of the coronavirus situation, and will publish an update on this in due course," said Ofcom.

Shares in BT were up 2.0% at 143.80 pence and in Vodafone were up 0.3% at 129.90 pence in London on Thursday. Shares in Telefonica were up 0.8% at EUR3.51 in Madrid and in CK Hutchison closed up 1.6% at HKD57.00 in Hong Kong on Thursday.

By Zoe Wickens; zoewickens@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Email Form

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
BT Group PLC 133.10 GBX 1.14
Vodafone Group PLC 129.16 GBX 0.59
Telefonica SA 3.75

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies