UK telecoms regulator Ofcom has announced that the next tranche of 5G frequencies will be made available to operators via an auction next year.
The spectrum consists of 80 MHz of 700 MHz band and 120 MHz in 3.6-3.8 GHz band.
The 700 MHz is a lot more valuable to operators because it covers much greater distances than the higher frequency spectrum.
Thus Ofcom is proposing a reserve price of up to £240 million per 2×5 MHz lot of that, compared to a reserve price of up to £25 million for each 5 MHz lot of 3.6-3.8 GHz spectrum.
Four lots of 5 MHz of 700 MHz spectrum will also be auctioned for downlink-only.
The big news within the announcement is that Ofcom isn’t attaching any coverage obligations to any of the spectrum, apparently as a result of the deal struck with operators last week.