# The Wireless Telegraphy (Licence Award) (No. 2) Regulations 2007, Regulation 19: Determination of round prices for primary bid rounds


(1) In the first primary bid round, the round price for a lot in each band shall be the amount set out in Schedule 6.
(2) In subsequent primary bid rounds, the round price for a lot in each band shall be determined by OFCOM in accordance with paragraph (3) or (5) (as the case may be).
(3) Where after a primary bid round OFCOM determine under regulation 18(1) that the bid total for a band is greater than the available total for the band, the round price for a lot in that band in the next primary bid round shall be an amount that is higher than the amount that was the round price for a lot in that band in the previous primary bid round, subject to the limit in paragraph (4).
(4) Where paragraph (3) applies, the amount of the round price for a lot in that band in the next primary bid round shall not be more than twice the amount of the round price for a lot in that band in the previous primary bid round.
(5) Where after a primary bid round OFCOM determine under regulation 18(1) that the bid total for the band is not greater than the available total for the band, the round price for a lot in that band in the next primary bid round shall be the same amount as it was in the previous primary bid round.

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Source: https://www.legislation.gov.uk/uksi/2007/3380/regulation/19 (the official version)
Page: https://openlegislation.uk/wireless-telegraphy-licence-award-no-2-regulations-2007/regulation-19
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.