Everything Everywhere raised objections due to the treatment of low frequency airwaves, and the fact that there was no cap placed on them, leading the company to fear that rivals Vodafone and O2 would snaffle up the majority of them.
With the legal threat dropped, the spectrum auction can take place in 2012 as previously planned.
Everything Everywhere issued a statement to the Financial Times which said: “We have decided to withdraw our threatened legal action and are content to take our chances when it comes to influencing the rules for future spectrum auctions.”
We don’t know what all the fuss was about really. Spectrum auctions happen every day on Ebay, for those keen to get their hands on a 48K computer with a rubber keyboard.