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The Wireless Telegraphy (Licence Award) Regulations 2020
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CHAPTER 2Total auction sum
Determination of the total auction sum payable by winning bidders to OFCOM
114.—(1) OFCOM shall determine the total auction sum payable by each winning bidder in accordance with paragraph (2).
(2) The total auction sum payable by a winning bidder shall be the sum of—
(a)for that winning bidder’s 3.6 GHz licence (if any), the licence fee determined in accordance with regulation 110; and
(b)for that winning bidder’s 700 MHz licence (if any), the licence fee determined in accordance with regulation 111.
Notification of the total auction sum payable by winning bidders to OFCOM
115. Following the determination of the total auction sum payable by each winning bidder to OFCOM, OFCOM shall notify each winning bidder of the total auction sum payable by that winning bidder to OFCOM.
Further payment where the amount of a winning bidder’s deposit is less than its total auction sum
116. Where, after the notification given in accordance with regulation 115, the total amount that a winning bidder has on deposit is an amount that is less than the total auction sum payable by that bidder to OFCOM, the bidder must, by a deadline specified by OFCOM, pay into OFCOM’s bank account, with accompanying information which identifies the bidder, the sum in pounds which is the difference between such amount and the amount the bidder has on deposit.
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