Using detailed Monte Carlo simulations we have characterized the features of the radio emission of inclined air showers in the Ultra-High Frequency band (300 MHz - 3 GHz). The Fourier-spectrum of the radiation is shown to have a sizable intensity well into the GHz frequency range. The emission is mainly due to transverse currents induced by the geomagnetic field and to the excess charge produced by the Askaryan effect. At these frequencies only a significantly reduced volume of the shower around...