When the UK’s 15 licenses for fixed wireless broadband at 3.4GHz ended up in the hands of a single viable bidder in May last year, most European and UK operators shrugged and said so what? Pacific Century Cyber Works (PCCW) bought 13 of 15 licenses auctioned in the UK last year, by bidding through differently named subsidiaries and later acquired the companies that held the other two, all for a total cost of about $14m. Meanwhile, BT and other large players had not bothered to bid. Now the complete dominance of the UK 3.4GHz frequency by Hong Kong telco-owned PCCW is an established fact, just as many parties are waking up to the real potential value of its bargain basement…