A very interesting article in The Guardian describing the manner in which OFCOM's $G spectrum auction has been designed Apparently it is modelled on a process designed when London Transport's bus network was privatised and bundles of routes were auctioned off to different operators.
I do recall that in the famous software case of St Albans DC v. ICL the local authority tried to negotiate contractual terms based on a London Underground contract. Hopefully the bus route model will result in a happier ending than was the outcome in that case.
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