The Deal Bt Could Not Afford to Win ; Gadfly

Summary


TAKE a time-machine trip back to 2000, when phone companies were scrambling over one another to give Gordon Brown billions of pounds for fresh air.

Or, as they would have it, for a piece of the radio spectrum that would allow them to provide whizzy 'thirdgeneration' mobile phone services.

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The Deal Bt Could Not Afford to Win ; Gadfly

The Treasury's haul was a breathtaking Pounds 24 billion. But ever since, the behaviour of some bidders has baffled many with a working knowledge of how auctions are supposed to function. Put simply, it seemed that some bids were ...

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