§ The Earl of Northeskasked Her Majesty's Government:
Whether the terms and conditions of the 3.4GHz broadband fixed wireless auction provide for licence terms of 15 years; whether successful bidders are not required to provide bankers' guarantees; and whether they are not under any obligation to roll out services within the period of the licence. [HL2944]
§ The Parliamentary Under-Secretary of State, Department of Trade and Industry (Lord Sainsbury of Turville)The terms and conditions of the 3.4GHz Public Fixed Wireless Access licences are as follows. Licences are issued for an initial duration of five years. The licensee will have the option to renew the licence for up to two further periods of five years. Bankers guarantees are not required as payment must be made in full at the start of each period. No roll-out obligations are included in the licences.