The Wireless Telegraphy (Licence Award) Regulations 2008

Regulation 4(3)(a)(i)

SCHEDULE 1 APPLICATION FORM AND WARRANTY

Regulation 4(3)(a)(ii)

SCHEDULE 2 DOCUMENT FOR MEMBER OF APPLICANT’S BIDDER GROUP WHO IS NOT AN ASSOCIATE

Regulation 11(1)(a)

SCHEDULE 3 LOT SELECTION MENU WHERE THERE IS ONLY ONE BIDDER

Regulation 19(1)

SCHEDULE 4 ROUND PRICE IN THE FIRST PRIMARY BID ROUND

In the first primary bid round, the round price for a lot of a description mentioned in an entry in Column (1) is the price shown in the corresponding entry in Column (2).

Column (1)	Column (2)
Lot	Price in the first primary bid round
LA	£50,000
LB	£50,000
LC	£50,000
LD	£50,000
LE	£50,000
LF	£50,000
LG	£50,000
LH	£50,000
LI	£50,000
LJ	£50,000
LK	£50,000
LL	£50,000
LM	£50,000
LN	£50,000
LO	£50,000
LP	£50,000
LQ	£150,000

Regulations 15(6), 22(3) and 41(6)

SCHEDULE 5 ELIGIBILITY POINTS ASSOCIATED WITH LOTS

The number of eligibility points associated with a lot of a description mentioned in an entry in Column (1) is the number of points shown in the corresponding entry in Column (2).

Column (1)	Column (2)
Lot	Number of eligibility points
LA	1
LB	1
LC	1
LD	1
LE	1
LF	1
LG	1
LH	1
LI	1
LJ	1
LK	1
LL	1
LM	1
LN	1
LO	1
LP	1
LQ	3

Regulation 43

SCHEDULE 6 DETERMINATION OF WINNING PRICE

Winning price

1.—(1) In determining the winning price for each winning auction stage bid, OFCOM shall impose the requirements set out in paragraphs 2 to 5.

(2) Where a winning price so determined includes a fraction of a pound, the winning price shall be that price rounded up to the nearest pound.

First requirement

2.  The winning price for each winning auction stage bid shall be—

(a) no less than the total of the round prices in the first primary bid round for the selection of lots comprised in that winning auction stage bid; and

(b) no greater than the amount of that winning auction stage bid.

Second requirement

3.—(1) Taking the winning prices for the winning auction stage bids together, the winning prices shall be such that if—

(a) the amount bid by each winning bidder for the selection of lots and the licence condition chosen comprised in its winning auction stage bid had been the winning price rather than the amount of its winning auction stage bid (“reduced winning auction stage bid”); and

(b) the amount bid by each winning bidder in respect of each other valid auction stage bid made by that bidder had been reduced by an amount equal to the difference between the amount of its winning auction stage bid and the winning price for that winning auction stage bid;

the combination of the reduced winning auction stage bids submitted by the winning bidders would have been the compatible combination of bids or one of the compatible combination of bids (as the case may be) having the highest total value of amounts bid.

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

Third requirement

4.  Taking the winning prices for the winning auction stage bids together, the total of the winning prices shall be no greater than the total of any other prices for the winning auction stage bids that satisfy the requirements set out in paragraphs 2 and 3.

Fourth requirement

5.—(1) Taking the winning prices for the winning auction stage bids together, the opportunity cost variance of those winning prices calculated in accordance with sub-paragraph (2) shall be less than the opportunity cost variance of any other prices for the winning auction stage bids that satisfy the requirements set out in paragraphs 2 to 4 calculated in accordance with sub-paragraph (2).

(2) The opportunity cost variance (“”) of the prices mentioned in sub-paragraph (1) is the amount calculated in accordance with the formula—

where—

“p” means the price for a winning auction stage bid; and

“c” means the amount calculated in accordance with the formula set out in sub-paragraph (3) in respect of that winning auction stage bid.

(3) The formula is—

where—

• “u” means the amount calculated in accordance with sub-paragraph (4);

• “t” means the total amount of the winning auction stage bids; and

• “b” means the amount of the winning auction stage bid for which is the price.

(4) The amount calculated in accordance with this sub-paragraph is the total amount of the valid combination of auction stage bids or one of the valid combinations of auction stage bids (as the case may be) having the highest total value of amounts bid, where the auction stage bids to be included in the valid combination of auction stage bids do not include any of the auction stage bids made by the winning bidder that submitted the winning auction stage bid for which is the price.