Regulation 30 Determination of the winning bid and the licence fee
(1)
Following the final round, OFCOM shall determine the winning bid and the identity of the winning bidder.
(2)
Subject to paragraph (3), the winning bid shall be the highest valid bid made in the auction stage.
(3)
Where there is more than one valid bid of equal highest value, OFCOM shall employ a method of random selection amongst those bids to determine which shall be the winning bid.
(4)
The winning bidder shall be the bidder which submitted the winning bid.
(5)
Subject to paragraph (6), the licence fee shall be the amount of the highest valid bid in the auction stage that was not made by the winning bidder.
(6)
Where there is only one valid bid in the first round, the licence fee shall be ten thousand pounds.