LONDON, April 10 British mobile operator
Everything Everywhere has appointed Morgan Stanley to
sell spectrum for the roll-out of a 4G mobile broadband network
in the UK, the Financial Times reported on Tuesday.
A quarter of the spectrum controlled by Everything
Everywhere will be marketed this month by Morgan Stanley to
groups with an interest in setting up a 4G network in the UK,
the FT said.
The spectrum could cost buyers as much as 400 million pounds
($634.38 million), with leading mobile operators the most
obvious buyers, according to the article.
Everything Everywhere, a joint venture between France
Telecom and Deutsche Telekom, was granted
permission by British telecoms regulator Ofcom last month to
reuse its radio spectrum for a 4G network.
Chief executive of Everything Everywhere Olaf Swantee is
cited in the article as saying the design of the sale was to
encourage competition by finding a company that could create a
"Whoever we sell to has to be approved by the competition
authorities. The test is someone who can provide genuine
competition," he is quoted as saying.
Swantee told the FT that Everything Everywhere would be able
to launch 4G services before the end of the year.