Regulation 81 Required assignment stage depositI1

United Kingdom

(1)

A further sum in pounds must be paid into OFCOM's bank account, with accompanying information which identifies the bidder, by a deadline specified by OFCOM (the “required assignment stage deposit”).

(2)

The required assignment stage deposit shall be an amount such that the total amount that the bidder has on deposit is not less than the amount which is the sum of—

(a)

the amount which is the bidder's total base price for its winning principal stage bids;

(b)

the amount which is the bidder's highest 700 MHz individual frequency lot assignment stage bid for a 700 MHz individual assignment stage option;

(c)

the amount which is the bidder's highest 700 MHz paired frequency lot assignment stage bid for a 700 MHz paired frequency lot assignment stage option; and

(d)

the amount which is the bidder's highest 3.6 GHz assignment stage bid for a 3.6 GHz assignment stage option.

Annotations

Commencement

I1: Reg. 81 in force at 18.11.2020, see reg. 1(1)