[nwtv2003]

The government wanted to auction off the teletext spectrum to private companies within sectors such as banking. Oracle successfully campaigned to change the government’s mind to have a public service teletext licence, however this was eventually to their own detriment. The licence wasn’t auctioned until early 1992, long after Thames et al had found out they’d lost their licences.

I believe there was at least one or two other bids for the teletext licence, one of which was backed by TV-am.