"If the EU wants to reserve a chunk of that, it's going to have to move quickly"

Its far better that most of the spectrum gets reserved for SENSIBLE multinational use, failing that it should most definitely NOT be sold off to the highest bidder but be allocated to whoever can guarantee (with reallocation from time to time) to provide the most cost-effective SERVICE using the bandwidth.

"the UK-only nature of the spectrum makes it unlikely to complete with 3G services."

Sensible stuff. But even in the UK, the spectrum of nature serves unlikely causes and competes directly with completely senseless language.