Regulation 18 Number of primary bid rounds

(1)

Where the combination of all bids received in a primary bid round is a compatible combination of bids—

(a)

there shall be no further primary bid rounds; and

(b)

there shall be a supplementary bids round.

(2)

Where the combination of all bids received in a primary bid round is not a compatible combination of bids, there shall be a further primary bid round unless OFCOM determine in accordance with paragraph (3) that there shall be no further primary bid rounds.

(3)

OFCOM shall only make such a determination where they are satisfied that it is unlikely that the information that would be available to bidders under regulation 32 following any further primary bid rounds would affect—

(a)

the determination of the winning combination of auction stage bids in accordance with regulation 41; or

(b)

the determination of the winning price payable by the winning bidder in accordance with regulation 43.

(4)

Where OFCOM have made a determination under paragraph (2) there shall be a supplementary bids round.