Regulatory authorities
are increasingly using market based methods of spectrum assignment
such as spectrum auctions. This is attractive from the regulatory
point of view, since there is less regulatory intervention and
the market decides who gains access to the spectrum. However, recent
outcomes in auctions in Europe have shown that if the auction is
structured without a clear understanding of the market and the
potential buyers of spectrum, then the structure and conditions
may not be suitable and the spectrum can remain unassigned.
Whether spectrum is to be awarded through an auction or a beauty
contest, a well designed award procedure is essential. Some of
the key activities to be considered are:
- Market consultation using
our direct experience of consultation and extensive industry
contacts
- Market analysis and
assessment of enterprise value
- Evaluation of spectrum, applications and technologies
- Customised auction or beauty contest design
- Development of licence conditions
- Bid assessment or pre-qualification of participants
The Quotient
approach combines all the key elements and works with some
of the world’s leading game theorists to
ensure a fit for purpose award process.
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