The auction rules for the 700 auction were announced. Those rules are designed so that there will be a cap. One block will be available to a new entrant. The government is also going to be consulting overall on its approach to transfers of spectrum. We just introduced a consultation on that issue, and it will be closing on May 3. I'll be seeking views on how we would treat the overall concentration of spectrum when companies seek to transfer their licences. I would also point out that in the past the government had a set-aside in the AWS auction, which set aside a considerable amount of spectrum for new entrants.
On March 19th, 2013. See this statement in context.