After the failure of 4G auctions to bring in expected level of revenue for the UK government,
the National Audit Office is all set to make a thorough investigation into the cases. Earlier
this year, the 4G auction earned or raised a fund. It was only 203billion pound. The bidders
who were successful are EE, Vodafone, O2 and Three. However, the amount was less by
1.2 billion pound as forecasted by the treasury.
Guardian magazines reports that the NAO’s officers are going to make through study of
this failure and are going to dig up the entire earth to find out the reasons why this failure
took place. They are two officers who are going to conduct this and they would make “value
for money” study. They added they by facing a failure in this project, the government has
failed to get the expected result. And this is why they want a clear analysis of the study.
On the other hand, Ofcom commented that instead of focusing much on the collecting
amount, they were more concerned about the competitive market prevailing all across the
United Kingdom.
Goodman has been quoted as saying by the Guardian that serious questions related to the
failure of this auction on 4G happened even after the government has reported something
else just a month earlier.
the National Audit Office is all set to make a thorough investigation into the cases. Earlier
this year, the 4G auction earned or raised a fund. It was only 203billion pound. The bidders
who were successful are EE, Vodafone, O2 and Three. However, the amount was less by
1.2 billion pound as forecasted by the treasury.
Guardian magazines reports that the NAO’s officers are going to make through study of
this failure and are going to dig up the entire earth to find out the reasons why this failure
took place. They are two officers who are going to conduct this and they would make “value
for money” study. They added they by facing a failure in this project, the government has
failed to get the expected result. And this is why they want a clear analysis of the study.
On the other hand, Ofcom commented that instead of focusing much on the collecting
amount, they were more concerned about the competitive market prevailing all across the
United Kingdom.
Goodman has been quoted as saying by the Guardian that serious questions related to the
failure of this auction on 4G happened even after the government has reported something
else just a month earlier.
