Article 5 Licence fees for 900MHz and 1800MHz licences

OFCOM must revise the sums prescribed by them by regulations under section 12 of the Act for existing 900MHz and 1800MHz licences after the completion of the Combined Auction so that they reflect the full market value of the frequencies in those bands.

OFCOM must take all relevant factors into account in revising the sums prescribed with particular reference to the sums bid for licences in the Combined Auction.