Everything Everywhere, formed by the merger of Orange and T-Mobile, has dropped a lawsuit that could have put a stop to the UK government's planned auction of the next generation wireless spectrum.
Everything Everywhere had argued that the proposed spectrum legislation failed to cap the number of low-frequency airwaves an operator could own, fearing that rivals Vodafone and O2 would buy most of it.
Communications Minister Ed Vaizey announced that Everything Everywhere chief executive Tom Alexander has agreed to abandon the lawsuit after intense discussions with the government, the Financial Times reports.
With Everything Everywhere agreeing to drop the lawsuit, the government can move forward the nation-wide plans to improve the UK digital infrastructure.
Vaizey said that the legislation will be approved by parliament by the end of this month.
“I am delighted Tom Alexander took a pragmatic view and saw the bigger picture. We are now in a very good place to move forward,” he said