Uks 5g spectrum auction raised only 1 36b just above the 1 1b reserve price and a fraction of the 22-5b 3g auction in 2000 nic fildes financial times

The Vodafone Group Plc logo sits on top of a telecommunications mast in Berlin, Germany, on Thursday, Nov. 5, 2015. U.K. Liberty Global and Vodafone ended talks about an exchange of assets -- the companiesÕ' operations overlap the most in the U.K., Germany and the Netherlands -- denying the cable and mobile-phone giants a chance to consolidate in their key markets. Photographer: Krisztian Bocsi/Bloomberg