The UK’s National Audit Office is investigating the June 2012 auction of 4G wireless spectrum by British telecom regulator Ofcom to determine whether it was handled in a way that would yield a fair amount of revenue for the government. The auction generated £2.3 billion (about $3.54 billion at press time) rather than the anticipated £3.5 billion (about $5.38 billion). The UK government had factored the expected earnings into its national budget, so the shortfall could cause fiscal problems. Some industry observers say that had there been more aggressive bidding, the auction could have yielded as much as £4 billion (about $6.15 billion). (SlashDot)(TechWeek Europe)(The Guardian)
