Uncertainty and risk: the results of spectrum renewal by auction
The use of auctions for spectrum renewal seems pointless and likely only to create uncertainty and risk for operators, says Graham Friend, managing director at Coleago Consulting. New entrants know they are likely to be outbid by incumbents and the uncertainty generated dampens the desire of those incumbents to invest and innovate, which is not good at a time when governments want to see a rapid and extensive roll-out of LTE.
