An ongoing auction of 4G-capable wireless spectrum in Austria has so far attracted bids totalling almost EUR2 billion (USD2.7 billion) or almost four times the reserve price, Reuters reports. A total of 28 spectrum blocks in the 800MHz, 900MHz and 1800MHz bands are under the hammer, in a so-called ‘combinatory clock auction’ which began early last month. It is thought that the only bids have come from Austria’s three existing mobile operators – A1 Telekom (formerly Mobilkom), T-Mobile and Hutchison 3G (H3G) – meaning that a new player will not be entering the market. When the auction was first announced in March this year it was suggested that minimum bids for the entire spectrum allocation could be expected to generate around EUR526 million. The government is thought to have budgeted EUR600 million from the sale.