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O2 meets 3G rollout goal

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O2 has rolled out its 3G services to at least 80 per cent of the UK population says Ofcom. This follows Ofcom's notice to O2 in February that it would shorten its licence by four months if it did not comply with its rollout obligation by June 30 2008. The rollout obligation requires each of the five holders of a 3G licence to roll out their networks to enable the provision of 3G services to at least 80 per cent of the population from 31 December 2007. Ofcom will conduct a further assessment to ensure that these licensees remain in compliance on 31 December 2008. O2 acquired its 3G licence in 2000 for ?4,030m. Ofcom estimated that a reduction of the licence term by four months would have been equivalent to a significant financial sanction of at least ?40 million.
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