Michael Colreavy (Sligo-North Leitrim, Sinn Fein)
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230. To ask the Minister for Finance the amount of funding his Department received arising from the mobile spectrum sale; and if he will make a statement on the matter. [26704/13]

Michael Noonan (Limerick City, Fine Gael)
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The Multi Band Spectrum Auction was conducted by the Communications Regulator, who has statutory responsibility for the management of the Spectrum Asset. The auction took place on 15th November 2012, with the amount to accrue to the Exchequer being approximately €854 million. €450 million, associated with upfront fees, was surrendered to the Exchequer on 14/12/2012. Following the successful conclusion of discussions with the successful applicants on some residual matters a further €24 million is projected to be transferred to the Exchequer this year. The balance, mainly associated with annual usage fees, will be received yearly until 2030.