4G auction set to raise £3.5bn

4G auction set to raise £3.5bn

The 4G auction has been a long time in the making and has courted controversy ever since it was announced.

However, recent rumblings from the telecoms watchdog Ofcom have been positive and it is hoped that the likes of Vodafone and O2 will have their 4G networks up-and-running early in 2013, following the auction.

EE was the first to offer 4G to its customers after getting the green light to launch early from Ofcom, but its service was hampered significant by early teething problems.

The significant importance of the auction to the UK, both in terms of improving productivity and efficiency for businesses and to the country as a whole, were highlighted in chancellor George Osborne's Autumn Statement yesterday (December 5th).

With such competition over the airwaves as the use of mobile internet for work purposes continues to grow, the government is predicting the sale will generate a £3.5 billion windfall.

The networks are set to give companies a major boost as the speeds will increase productivity and help staff work on the move. Its wider impact will be to give the nation's finances a much-needed lift.

Companies that want to bid in next year's auction must lodge their application and make a £100,000 cash deposit by next Tuesday, with the process expected to be completely wrapped up and completed by March, enabling firms to launch their networks as soon as they are able.

The delay in the auction process has led to Britain falling behind other countries when it comes to 4G roll out, but once it is completed, employees in the UK will be able to download documents on the move and continue working rapidly.

With such a vast amount of money being raised by the auction, many groups are lobbying the government to spend it in their own sphere. Tech firms are calling for further investment in science and improvements to the digital infrastructure of Britain, which could offer further benefits to companies operating in the nation.