UK telcos spend big as 5G spectrum auction raises £1.35 billion

The initial phase of the UK's 5G spectrum has come to a close, with four operators securing 34 lots of spectrum across two bands. Vodafone, O2, Three and EE all won large amounts of spectrum at the auction, while the fifth qualified bidder, Airspan Spectrum Holdings, walked away with nothing (although they are expected to make more serious bids in the 28GHz spectrum auction, which will be held at a much later date).  The £1.35 billion raised far exceeded the predicted amoun