Paragraph 3 Second requirementI1

United Kingdom

(1)

Taking the additional prices for the winning 700 MHz paired frequency lot assignment stage bids together, the additional prices shall be such that if—

(a)

the amount bid by each winning bidder for the 700 MHz paired frequency lot assignment stage option selected in its winning 700 MHz paired frequency lot assignment stage bid had been the additional price rather than the amount of its winning 700 MHz paired frequency lot assignment stage bid (“reduced winning 700 MHz paired frequency lot assignment stage bid”), and

(b)

subject to sub-paragraph (2), the amount bid by each winning bidder in respect of each other valid 700 MHz paired frequency lot assignment stage bid made by that bidder had been reduced by an amount equal to the difference between the amount of its winning 700 MHz paired frequency lot assignment stage bid and the additional price for that relevant winning 700 MHz paired frequency lot assignment stage bid,

the combination of the reduced winning 700 MHz paired frequency lot assignment stage bids submitted by the winning bidders would have been the valid combination of 700 MHz paired frequency lot assignment stage F1bids or one of the valid combinations of 700 MHz paired frequency lot assignment stage bids (as the case may be) having the highest total value of amounts bid.

(2)

Where the amount of a bid F2... has been reduced in accordance with sub-paragraph (1)(b) and is less than zero, the amount of that bid shall be treated as if it were zero for the purposes of this paragraph.

(3)

The bids mentioned in sub-paragraphs (1)(a) and (1)(b) shall, after reduction of the amount of those bids in accordance with those paragraphs, be treated as valid 700 MHz paired frequency lot assignment stage bids for the purposes of this paragraph.

Annotations

Textual amendments

F1: Words in Sch. 6 para. 3(1) inserted (9.3.2021) by The Wireless Telegraphy (Licence Award) (Amendment) Regulations 2021 (S.I. 2021/250), regs. 1, 2(2)(a)
F2: Words in Sch. 6 para. 3(2) revoked (9.3.2021) by The Wireless Telegraphy (Licence Award) (Amendment) Regulations 2021 (S.I. 2021/250), regs. 1, 2(2)(b)

Commencement

I1: Sch. 6 para. 3 in force at 18.11.2020, see reg. 1(1)