Regulation 18 Number of rounds
(1)
After each round, OFCOM shall determine the total number of valid bids submitted at an amount equal to the round price for that round (“bid total”).
(2)
Where the bid total is more than one there shall be another round.
(3)
Where the bid total is one or zero or where there are no valid bids—
(a)
that round shall be the final round; and
(b)
OFCOM shall determine the winning bid and licence fee in accordance with regulation 30.