Regulation 31 Round price for 2.3 GHz lots

The round price for each 2.3 GHz lot shall be the same as it was for the most recent round, except where paragraph (3) applies.

Where paragraph (3) applies, the round price for each 2.3 GHz lot shall be higher than it was for the most recent round.

This paragraph applies where, after the end of the most recent round, OFCOM assigned standing high bid status to four valid principal stage bids for 2.3 GHz lots at the round price of the most recent round.