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EE, Three, O2 and Vodafone have collectively bid almost £1.4 billion in the principal stage of Ofcom's spectrum auction.

The watchdog confirmed that EE has won 40 MHz of 3.4 GHz spectrum at a cost of £302,592,000.

Meanwhile, Three's parent company Hutchison 3G UK Limited has won 20 MHz of 3.4 GHz spectrum at a cost of £151,296,000.

Meanwhile, Telefónica UK Limited has secured all 40 MHz of 2.3 GHz spectrum available for a cost of £205,896,000, along with 40 MHz of 3.4 GHz spectrum at a cost of £317,720,000.

Finally, Vodafone won 50 MHz of 3.4 GHz spectrum at a cost of £378,240,000.

The cumulative value of the principal stage therefore adds up to £1,355,744,000, all of which will be paid to the Treasury.

Ofcom will now progress to the final bidding stage of the auction, which it says is a short process that will allow companies who won spectrum in the first stage to bid to determine the frequency bands in which their new spectrum will be located.

Philip Marnick, Spectrum Group Director at Ofcom, said: "This is good news for everyone who uses their mobile phone to access the internet.

"As a nation we’re using ever more mobile data on smartphones and mobile devices. Releasing these airwaves will make it quicker and easier to get online on the move."

Mr Marnick added that this will also allow businesses to prepare for 5G mobile, thereby paving the way for a range of smart, connected devices.

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