The 128MHz of cleared spectrum will become available by late 2012.
It is likely to be sold off in lots of 5MHz and 8MHz with a cap of 50 MHz for any one bidder.
Ofcom said that its objective is to maximise the total value to society: “It is not our objective to raise revenue for the Exchequer, nor is this a consideration that we can take into account, given our statutory duties.”
Ofcom plans to auction the spectrum in summer 2009.
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