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 In offering through an auction licences to use specific frequencies for the delivery of UMTS, the Government’s overall aim is to secure, for the long term benefit of the UK consumers and the national economy, the timely and economically advantageous development and sustained provision of UMTS services in the UK.  Subject to this overall aim, the Government’s objectives are to : (i)utilise the available UMTS spectrum with optimum efficiency; (ii)promote effective and sustainable competition for the provision of UMTS services; (iii)subject to the above objectives design an auction which is best judged to realise the full economic value to consumer, industry and the taxpayer of the spectrum. Aims

Slides concerning FCC auction procedure not reproduced here as not Powerpoint graphics can be obtained from ELSE (see slide 1 for details)

—fixed number of predetermined licences  English (ascending price)  Anglo-Dutch  modified FCC —adaptations, if the shape of the licences is to be endogenous —combinatorial possibilities if both the shape and the number of licences is to be endogenous Some Designs on Menu

IMPORTANT NOTICE This presentation is made available by the Radiocommunications Agency (the “RA”) on the express understanding that it is for information purposes only. It is not intended to form the basis of any investment decision and should not be considered as a recommendation by the Secretary of State, the RA or their advisors to participate in an auction for the allocation of radio spectrum. Neither the RA nor any of its advisors make any representation or warranty or accepts any responsibility as to the accuracy or completeness of the information contained in this presentation and any liability in respect of any such information or any inaccuracy in, or omission from this presentation is hereby expressly disclaimed. Recipients of this presentation should seek their own professional financial, legal, tax or other advice in order to make an independent assessment of the potential value of an allocation of radio spectrum by auction.