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Ofcom has raised £39 million for the Treasury from its latest spectrum auction, designed to boost 5G capacity in the UK’s busiest areas.
The network upgrade comes after EE’s launch of new smartphone plans on 5G capable handsets
Ex-Vodafone chief strategy officer Lloyd has specialist experience across the wireless and technology sectors spanning 20-years
The launch was due to take part this month
Three currently holds the most amount of 5G spectrum acquired from previous auctions with 140Mhz
The challenge could delay the auction by up to a year-and-a-half
It follows Ofcom’s decision in July to allow spectrum sharing
Vodafone will invest the money in its future infrastructure
Hitting the 95 per cent coverage target could boost UK GDP by £75 billion
Both operators formed a partnership venture in 2012