See the latest from OFCOM. Oh dear me, they really do try so hard to justify their existence! Bureaucrats and all that matters is £££!
"This document sets out Ofcom’s decisions on outstanding issues connected
with the award of the 2.3 and 3.4 GHz spectrum bands. In particular, it
sets out our decision to proceed with an auction of all the newly
available spectrum without imposing spectrum caps, and our decision on
the reserve prices that will apply to spectrum awarded in the auction."