14 Bidding for licences

14  Bidding for licences

(1)     Having regard to the desirability of promoting the optimal use of the electromagnetic spectrum, OFCOM may by regulations provide that, in such cases as may be specified in the regulations, applications for wireless telegraphy licences must be made in accordance with a procedure that involves the making by the applicant of a bid specifying an amount that he is willing to pay to OFCOM in respect of the licence.

(2)     The regulations may make provision with respect to—

(a)     the grant of the licences to which they apply; and

(b)     the terms, provisions and limitations subject to which such licences are granted.

(3)     The regulations may, in particular—

(a)     require the applicant's bid to specify the amount he is willing to pay;

(b)     require that amount to be expressed—

(i)     as a cash sum;

(ii)     as a sum determined by reference to a variable (such as income attributable wholly or in part to the holding of the licence);

(iii)     as a combination of the two; or

(iv)     (at the applicant's choice) in any one of the ways falling within sub-paragraphs (i) to (iii) that is authorised by the regulations;

(c)     require that amount

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