Apr 5, 2018

5G spectrum auction: Olé

Understandably all UK network operators will want to offer 5G, but more so Telefónica's O2, which previously had the least amount of spectrum capacity. BT Group's EE mobile spectrum was capped by Ofcom, given it already has the largest amount of 4G capacity. O2 could then afford to grab all of the 2.3 GHz spectrum on offer. More important, the added spectrum will boost chances of a mooted O2 listing in London, raising cash for Telefónica to reduce its €49.5bn of net debt. London-listed Inmarsat controls some latent higher frequency spectrum.

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