Isn t this just about raising money?
No. On 18 May 1998 Barbara Roche, the then Telecommunications Minister, announced to Parliament in a written Parliamentary Question the objectives for the auction. These make clear that proceeds are subordinate to the other aims. The key objectives are for an auction to utilise the spectrum in the most efficient way; to promote effective and sustainable competition; and subject to those objectives to realise the full economic value to consumers, industry and the taxpayer of the spectrum.
