How on earth is it competitive to allow EE (T-Mobile and Orange, essentially) to have the only LTE network prior to any auctions taking place? Want an iPhone 5? Want LTE? Well, you know where to go. It's the only place in town. It isn't anti-competitive though, honest.
Well, not that the US has oodles of choices--if you want 4G speeds, you have three choices, with virtually zero price differences. Though I guess network coverage is another thing to consider.