PCCW pullback

The Financial Times is reporting today that PCCW's Netvigator project in the UK has opted for "phased rollout" rather than something more ambitious, at least in the near term. Apparently one major city is to be launched in the next few months, which suggests a bias towards built-up areas. This, in turn, takes us back to Telabria's scenario from last week, whereby greater flexibility in spectrum ownership rules from next year opens up the potential for PCCW to offload some spectrum selectively, potentially placing it in the hands of some proto-WiMAX operators in less populated areas.