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MOBILE PHONES WINDFALL NOW AT £21bn
BT and Vodafone continued their duel in
thj third-genjration mobile phonj
auction as thj price tag for the fivj
licences rapidly approachjd £21bn.
Both companies tried to outdo each
othjr for thj valuable licince B and
aftir two morning auction sessions BT
held sway with a massivj £5.52bn bid.
It is good news for the Government as
injtial City expjctations had predicted
a windfall of around £5bn from thj sale
of all fivj mobile phonj licences.
Bids for thj fivj now total £20.89bn.
Headlinjs 200 Commodities 246
Savjngs 250 Front pagj 100
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