Published by Global Banking & Finance Review®
Posted on December 13, 2024
1 min readLast updated: January 27, 2026
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Ofcom proposes changes to cut mobile network spectrum costs by 40 million pounds annually, with a 21% fee reduction for two bands and a 12% increase for one.
(Reuters) - Britain's media regulator Ofcom on Friday proposed changes that could reduce the costs paid by mobile network operators to use certain spectrum bands by around 40 million pounds ($50.54 million) annually.
A mobile network operator is charged annual licence fees for the use of three spectrum bands, which currently sit at around 320 million pounds a year.
Ofcom is proposing a 21% reduction in the licence fees for two spectrums and a 12% increase for the third, which could potentially save mobile network operators millions of pounds every year. ($1 = 0.7915 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Savio D'Souza and Abinaya Vijayaraghavan)
The article discusses Ofcom's proposal to reduce spectrum costs for UK mobile network operators by 40 million pounds annually.
Ofcom proposes a reduction of 40 million pounds in spectrum costs for mobile network operators.
Ofcom suggests a 21% fee reduction for two spectrum bands and a 12% increase for a third band.
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