April 5, 2018 / 6:27 AM / in 15 days

Britain's four mobile networks win new airwaves in auction

LONDON, April 5 (Reuters) - All four of Britain’s mobile networks won more airwaves for 4G and future 5G services in an auction that raised 1.36 billion pounds ($1.9 billion), with Telefonica’s O2 securing the most.

Britain’s telecoms regulator said Telefonica won two 40 Mhz tranches at a cost of nearly 524 million pounds, while Vodafone won 50 Mhz for 378 million pounds, Hutchison’s 3 won 20 Mhz for 151 million pounds and BT’s EE picked up 40 Mhz for almost 303 million pounds.

$1 = 0.7113 pounds Reporting by Paul Sandle; editing by Costas Pitas

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