Can Morgan Stanley attract world-wide interest in the digital dividend spectrum auction in the UK?
Ofcom announced yesterday that it has appointed the investment bank Morgan Stanley “to promote international interest in its award of the “digital dividend” of spectrum” auction, which might start as early as 2010 [Link]. The digital dividend is about 128 MHz of spectrum in the 700 MHz band, which will be available after TV switch over to digital transmission, planned to be completed by 2012. The Financial Times estimates (based on recent 700 MHz auctions in the US, and adjusting for the size of the economy), that the UK Treasury might earn as much as 4.4 billion from this auction [Link]. Although the usual suspects, i.e., the major mobile operators, are expected to be the main contenders for these licenses, Ofcom hopes-through Morgan Stanley’s contact book-that new players and technologies will seize the chance of entering the UK market.
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- Can Morgan Stanley attract world-wide interest in the digital dividend spectrum auction in the UK?
