Telefonica’s O2 had its hands on the largest piece in an auction for the latest British mobile airwaves that lifted 1.36 Billion Pounds (almost $1.9 Billion) for the government, claimed watchdog Ofcom.
All 4 of the networks from Britain locked new airwaves for next gen offerings, Ofcom claimed to the media this week, but O2 also locked all of the spaces of 2.3Ghz airwaves that can be used instantly to drive the capacity for 4G offerings.
The bandwidth in the 3.4GHz band has been reserved for 5G. Now, 5G is the future wireless tech that commits to connect up each thing from household gadgets to cars, as well as offering far enhanced speeds for smartphone.
The networks for Britain are beginning to trial 5G but it will not be set up commercially till the end of 2020 at the earliest.
O2 claimed that its achievement in the auction was additional evidence of the pledge of Spain’s Telefonica (its parent firm) to Britain.
It will set up its 2.3GHz bandwidth as soon as achievable, it claimed, beginning in London and gradually shifting to Newcastle, Edinburgh, other cities including Leeds in the forthcoming months.
“We have thrown down a huge indicator for our future promise to the Britain,” claimed Mark Evans, CEO of Telefonica UK, to the media in an interview.
“Our spending in 3.4GHz allows us to shift forward to additionally enhance connectivity whilst driving the economy and placing the groundwork for 5G here.”
Kester Mann, the Industry analyst from CCS Insight, claimed that O2 had surfaced up as the big winner.
“As the most restrained operator in the spectrum, this sale was more important to O2 than any of its competitors and the outcome offers it the confidence to carry on its mobile-concentrated plan in the UK industry,” he further added while speaking to media,