Re: What really pisses me
Is people with absolutely no understanding of economics.
The amount you pay will be exactly the same if the telco pays £15bn or £15. This is known as a sunk cost and they price things to maximise profit which is based on marginal costs and marginal revenue. Where you may have a point is that the money they splurged on spectrum may delay the rollout or investment in infrastructure as they have to borrow to pay for that, and that might mean market segregation where they can charge more where they initially roll it out to a few regions.