Regulation 17 Completion of the bidding menu document

(1)

Where a bidder wishes to specify a sum on the bidding menu document which it commits to pay for a licence (a “bid”) it must specify an amount in whole pounds in words and figures which must be greater than or equal to the minimum bid.

(2)

The minimum bid shall be:—

(a)

fifty thousand pounds for a licence which authorises use of frequencies comprising one frequency lot;

(b)

one hundred thousand pounds for a licence which authorises use of frequencies comprising any two frequency lots;

(c)

one hundred and fifty thousand pounds for a licence which authorises use of frequencies comprising any three frequency lots; and

(d)

two hundred thousand pounds for a licence which authorises use of frequencies comprising all four frequency lots.

(3)

On the bidding menu document a bidder must —

(a)

specify a bid against a licence;

(b)

only specify one bid against any one licence; and

(c)

specify a bid against at least one licence but need not specify a bid against each licence.