By Ian Jones, 18 April 2000 08:35
NEWS Spanish telecoms giant, Telefonica pulled out of the UK auction for a third generation wireless licence late yesterday, as bidding topped £21.2bn. The move leaves just six players left, with five licences on offer. All four incumbent operators - BT3G, One2One, Orange and Vodafone - are still in the running, fighting it out with newcomers TIW of Canada and NTL Mobile. Vodafone remains the highest bidder, offering £5.66bn for the much sought after licence B. Bidding resumes at 09:00BST today.
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