3. 4G SALE BRINGS £1BN LESS THAN EXPECTED
The Treasury will receive about £1bn less than expected from the sale of 4G spectrum, following this morning's announcement of the auction result. The winners are Everything Everywhere, Hutchison 3G UK, Niche Spectrum Ventures (a BT subsidiary), Telefonica, and Vodafone. Between them, they will pay £2.34bn.