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The Wireless Telegraphy (Licence Award) Regulations 2018
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- UK Statutory Instruments
- 2018 No. 86
- PART 8
- CHAPTER 2
- Regulation 103
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Refusal payment for withdrawn lot licencesU.K.
103.—(1) Where a winning bidder has indicated that it does not wish to accept any withdrawn lot licences in accordance with regulation 102, OFCOM shall determine the amount payable by that bidder in respect of the withdrawn lot licences that it has refused (“refusal payment”) in accordance with paragraph (2).
(2) The refusal payment shall be an amount equal to the sum of—
(a)the 2.3 GHz refusal payment, which is the amount payable by a winning bidder in respect of any 2.3 GHz withdrawn lot licence that it does not wish to accept, determined in accordance with paragraph (3); and
(b)the 3.4 GHz refusal payment, which is the amount payable by a winning bidder in respect of any 3.4 GHz withdrawn lot licence that it does not wish to accept, determined in accordance with paragraph (4).
(3) The amount referred to in paragraph (2)(a) shall be an amount equal to the sum of—
(a)one half of that bidder's total 2.3 GHz base price B; and
(b)except where that bidder also wins 2.3 GHz lots in accordance with regulation 38, that bidder's 2.3 GHz additional price.
(4) The amount referred to in paragraph (2)(b) shall be an amount equal to the sum of—
(a)one half of that bidder's total 3.4 GHz base price B; and
(b)except where that bidder also wins 3.4 GHz lots in accordance with regulation 38, that bidder's 3.4 GHz additional price.
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