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+ - 4G auction flop shows 'little value in supporting end user social networking'->

Submitted by Qedward
Qedward (2499046) writes "Ofcom has announced five winners of the 4G spectrum auction, which will allow for the widespread rollout of next generation mobile broadband services across the UK — but the value of the auction fell short of the government's estimates by a massive £1.2 billion.

Commentators were sceptical. Victor Basta, managing director of a company that advises technology companies on their IPOs, was underwhelmed by the results.

“The disappointing revenues from the 4G auction, well below government forecasts, are a reflection of the challenges that mobile operators face in growing revenues from their users in the social media age. Data-heavy social media services are causing huge growth in data traffic across mobile networks,” said Basta.

“Mobile operators increasingly find themselves in a role that is about supporting end users’ social networking habits, with little, if any, commercial benefit. Social networking has effectively turning mobile network operators into digital drug mules.”"

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4G auction flop shows 'little value in supporting end user social networking'

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