Overseas auctions boost 4G hopes

AOL Money Staff

Hopes that next year's sale of 4G airwaves could generate a windfall for the Government have been fuelled by successful auctions in other countries.

Mobile operators in the Netherlands paid a total 3.8 billion euros (£3.1 billion) for the country's 4G spectrum on Friday, easily surpassing expectations of around 450 million euros (£366 million). In Ireland last month, operators overcame a challenging economy to generate 854 million euros (£700 million).