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pierredv : spectrum-auctions   37

Are new auction designs strange or simply evolutionary? - PolicyTracker: spectrum management news, research and trainingPolicyTracker: Jul 2019
"Several recent spectrum auctions have used formats that differ significantly from traditional versions. Are these designs weird, or do they simply reflect changing thinking about the policy and regulatory objectives of spectrum assignments? "

two main factors driving the emergence of unusual auction formats per Tim Miller of Plum

"First, governments are moving away from the idea that auction price is the be-all and end-all of setting spectrum efficiency. Regulators are coming to the conclusion that economic efficiency isn’t necessarily what they want to strive for, and are looking more closely at the social welfare aspects of spectrum such as quality of service and coverage."

"The second factor driving auction design evolution is that the potential for new entrants to participate in auctions is significantly lower now"
PolicyTracker  spectrum-auctions  ACMA 
july 2019 by pierredv
It’s a wrap: FCC concludes first set of high-band auctions, raising $2.7B | FierceWireless May 2019
the Spectrum Frontiers auctions of the 24 GHz and 28 GHz bands raised more than $2.7 billion in gross bids. Combined, 55 applicants were qualified to bid, and the winning bidders won 5,869 licenses, according to the FCC.
FCC  FierceWireless  5G  mmwave  spectrum-auctions  24GHz  28GHz 
may 2019 by pierredv
5G spectrum auctions to escalate in 2019 | PolicyTracker, Feb 2019
"The US and Switzerland have both kicked off the year with a sale of 5G frequencies, with many more countries set to follow. Sixteen countries are known to have confirmed 5G spectrum auctions in 2019, according to PolicyTracker's auction tracker service.

So far, 14 countries have already completed 5G licensing procedures in at least one spectrum band. These include Australia, Finland, Italy, Ireland, Latvia, Mexico, South Korea, Oman, Spain, Qatar, the UK, the United Arab Emirates, the US and Switzerland.

In addition, the Czech Republic, Germany, Ghana, Greece, Hong Kong, Norway, Saudi Arabia, Slovakia, Spain, Sweden, Tanzania and Thailand have awarded potentially 5G-suitable spectrum."
PolicyTracker  spectrum-auctions 
february 2019 by pierredv
Japanese operators vie for lower band 5G spectrum | PolicyTracker: Feb 2019
"Japan’s forthcoming spectrum award will be the first for 5G decided by a beauty contest rather than an auction. This is not the only thing that makes it unusual. "

"Over the past 12 to 18 months, Japan has debated the possible use of auctions to assign spectrum but ultimately decided to maintain its favoured approach of using beauty contests. Other countries have used auctions for 5G but Japan is sticking with what it knows best."

"MIC is awarding six blocks of 100 MHz in the more desirable lower bands (3.7 GHz and 4.5 GHz), and four blocks of 400 MHz at 28 GHz."

"Also interesting is MIC’s decision to pick out some frequency ranges for industry or specific applications."

"The government has complained recently about high mobile prices. Senior officials have accused operators of using spectrum, a public asset, in the pursuit of excess profits."
PolicyTracker  5G  Japan  spectrum-auctions  mmwave 
february 2019 by pierredv
Viewpoint: Do we still need spectrum auctions? | PolicyTracker, Jan 10, 2019 by William Webb
"When there is cleared spectrum to award, the default process is now the auction. It has been widely used for some 30 years and is generally agreed to be the least bad way to distribute spectrum when demand exceeds supply. But is this still true?

"Where the entity awarding the spectrum – typically the national regulator – is unsure as to the best distribution of that spectrum among competing companies, then the auction allows the market to make the decision. But what if the answer is obvious – distribute it equally to the existing mobile operators?"

"Equal distribution could be just that – all operators get the same amount. Or it could be weighted by, for example, market share."
PolicyTracker  spectrum-auctions  William-Webb  opinion  spectrum-assignment 
january 2019 by pierredv
It’s official: 37, 39 and 47 GHz bands headed for incentive auction in 2019 | FierceWireless Dec 208
As expected, the FCC voted to move forward with an incentive auction that combines the upper 37, 39 and 47 GHz bands, delivering a nice gift to the wireless industry.

The airwaves in the combined upper 37 and 39 GHz bands represent the largest amount of contiguous spectrum available for wireless service in the millimeter wave bands—2,400 megahertz in total—while the 47 GHz band provides an additional 1,000 megahertz of spectrum.

The auction, slated for the second half of 2019, will take place in two phases: a clock phase in which firms may bid on generic license blocks, and an assignment phase in which clock phase winners may bid on specific frequencies. Incentive payments will be offered to incumbents that choose to relinquish their spectrum usage rights to make new licenses available.
FierceWireless  mmwave  spectrum-auctions 
december 2018 by pierredv
Spectrum assignments need a rethink, say academics | PolicyTracker Oct 2018
"Academics and telecoms industry representatives recently discussed the future of spectrum auctions in a seminar on New directions in spectrum assignment for 5G hosted at French graduate engineering school Telecom ParisTech. They concluded that there is a need to rethink assignment policies to help achieve wider economic and social policy goals. "

Gerarg Pogorel, Erik Bohlin, Martin Cave
Francesco Nonno, director of regulatory affairs at Italian fibre provider Open Fiber,
" France, where the government has replaced upfront fees for licence renewals in the 900, 1800 and 2100 MHz bands with specific guaranteed coverage obligations. Pierre-Jean Benghozi of French regulator ARCEP told the seminar that this model was driven by the objective of improving geographic coverage and meeting new capacity needs."
PolicyTracker  spectrum-auctions  5G 
october 2018 by pierredv
Philippines aims to choose third operator by the end of 2018 | PolicyTracker Oct 2018
"It may have taken nearly a decade but the Philippines is close to ending its long-running duopoly. It is using a novel approach to achieve this. "

"The selection criteria are population coverage, minimum average broadband speed and capex/opex spend with a weighting of 40 per cent, 25 per cent and 35 per cent respectively counting towards the final score.

“It’s a quasi-auction approach, only instead of bidding with money, you bid with coverage, speed and capex/opex,” said Kas Kalba, founder of advisory firm Kalba International."

"Like an auction, the Philippines approach offers the opportunity for aggressive bidding, particularly on coverage and capex/opex, Kalba said."

"Consumer pricing is not included as one of the three criteria, which must be a relief to the two incumbents fearful of a disruptive newcomer. "

"Monitoring broadband speeds can be a tricky business but, under the Philippines’ plan, it will be done by an independent auditor, who will also establish whether the licence winner is meeting the coverage terms included in its bid."

"In the final analysis, the winner risks losing a performance security placed with the NTC – worth 10 per cent of the remaining cumulative capex and opex commitment – if they fail to deliver."

"This year, DICT won a battle against the Department of Finance’s proposal for an auction based on the highest financial bid, paving the way for the current process."
PolicyTracker  Philippines  spectrum-auctions 
october 2018 by pierredv
Harmful spectrum pricing driven by political decisions, GSMA says | PolicyTracker, Aug 2018
"Spectrum prices in developing nations are on average three times greater than in developed countries in proportion with income per capita, according to a report recently published by mobile industry association the GSMA. The association believes the figure is driven by legislative decisions rather than market forces."

"High spectrum prices in developing countries are linked to more expensive and lower quality mobile broadband services, the report says."
PolicyTracker  GSMA  spectrum-auctions  economics 
august 2018 by pierredv
FCC establishes procedures for 28, 24 GHz auctions, tees up 39 GHz for 2019 | FierceWireless, Aug 2018
The FCC established bidding procedures for the upcoming 28 GHz and 24 GHz auctions and proposed the next steps in getting the upper 37, 39 and 47 GHz bands ready for a single auction in the second half of 2019.
FCC  mmwave  FierceWireless  spectrum-auctions 
august 2018 by pierredv
FCC proceeds with mmWave 5G plans | PolicyTracker: the spectrum management newsletter
"US mobile industry association the CTIA wanted the planned auctions of the 37.6–40 GHz bands and the 47 GHz band (47.2–48.2 GHz) to be brought forward to November 2018 so that they could be held alongside a planned auction of the 24 GHz band (24.25–24.45 GHz + 24.75–25.25 GHz)."
PolicyTracker  mmwave  5G  FCC  SpectrumFrontiers  CTIA  spectrum-auctions 
june 2018 by pierredv
Are combinatorial clock auctions losing their lustre? | PolicyTracker, May 2018
"From around 2008 to 2013, several spectrum administrations around the world chose the combinatorial clock auction (CCA) format to allocate spectrum. Fast forward just a few years, and the CCA seems to have fallen out of favour. Why? "

"There seems to be a tendency now to go for simpler auction formats, mainly because under the CCA scheme, bidders don’t know how much they’ll end up paying because they don’t know what others are bidding, said Okholm. That uncertainty creates problems because bidding teams must secure a budget without being able to tell the board members what they’ll ultimately end up paying, he said. This was also an issue in earlier auctions but there is now more experience with CCAs, he said.

Another problem is that operators can find themselves in the situation of not knowing which spectrum package they’re winning, Okholm said. The CCA format incentivises “aggressive bidding” on large packages costing a great deal of money, driving up prices for competitors."
spectrum-auctions  PolicyTracker 
may 2018 by pierredv
Mobile penetration is higher without auctions, study claims | PolicyTracker Apr 2018
The auction versus beauty contest debate is alive and well in the mobile industry as it heads towards 5G contests.
PolicyTracker  spectrum-auctions  celluar 
april 2018 by pierredv
Coverage, not revenue, is increasingly the goal of spectrum assignments | PolicyTracker Feb 2018
"After 20 years and three or four generations of mobile technology, governments and regulators are starting to recognise that there is a contradiction between extracting large amounts of money from mobile operators for spectrum licences and then demanding costly network deployments to cover 100 per cent of a country. That’s according to Gérard Pogorel, Emeritus Professor of Economics at top French graduate engineering school Télécom ParisTech."

"It took the French government six months to arrive at a comprehensive contract with operators to renew 4G licences without new auctions but with strong commitments from them to deploy new networks quickly, Pogorel said. . . . By contrast, the Japanese government, which has never held a spectrum auction, is planning one for March, said Pogorel. "
PolicyTracker  Gerard-Pogorel  cellular  spectrum-auctions  ARCEP  France  BNA  Germany  Japan  Mischa-Dohler 
february 2018 by pierredv
T-Mobile presses for mmWave auction in 2018, says major carriers already acquiring significant holdings | FierceWireless, Jan 2018
If it wasn’t clear before, it is now: Wireless operators want to get their hands on more millimeter wave spectrum, and the more, the merrier. And smaller carriers are worried the deck is going to get stacked against them in favor of the largest operators.

Those themes continue to emerge through comments filed with the FCC as part of its Spectrum Frontiers initiative. The FCC has asked for input on how it should structure spectrum bands above 24 GHz for mobile radio services, and carriers aren’t shy about responding. AT&T, Verizon and T-Mobile, plus the industry association CTIA, are pushing for an auction in 2018, with T-Mobile in particular pointing to Verizon’s accumulation of millimeter wave spectrum on the secondary market giving it a competitive edge.
FierceWireless  28GHz  SpectrumFrontiers  FCC  spectrum-auctions  5G  T-Mobile  Verizon  AT&T  mmWave 
january 2018 by pierredv
AT&T makes case for 5G spectrum auction based on financial voucher system | FierceWireless
"Keeping up with its argument that the FCC needs to get moving on 5G spectrum auctions, AT&T is proposing an auction of millimeter wave spectrum that’s based on a voucher system that it says puts incumbent licensees and other potential bidders on a level playing field.

AT&T notes that one of the challenges to a millimeter wave auction, especially in the 39 GHz band, is that incumbent licensees have holdings scattered throughout the band, typically in 50 MHz chunks."
FierceWireless  AT&T  spectrum-auctions  5G  mmWave 
december 2017 by pierredv
Commission-backed study urges harmonised timing of EU spectrum auctions | PolicyTracker: Oct 2014
Study on Spectrum Assignment in the European Union looked at which spectrum assignment procedures and usage conditions have the most positive effect on the whole electronic communications market in Europe. It was written by PolicyTracker’s consulting arm together with LS Telcom and VVA.

The research found that several elements of auction design have “minimal” impact on the mobile market and that member states should have “the flexibility to include any elements they wish in their award to facilitate their individual market needs (within reason).”

For example, when amounts paid at auction and reserve prices were low, licence lengths long and coverage obligations flexible, some countries showed better network deployments, quality of choice of services, subscriber take-up and increased competition.
PolicyTracker  spectrum-auctions  EU 
november 2017 by pierredv
Don’t Be Disappointed by the FCC’s Incentive Auction | The Technology Policy Institute
"It is time for the FCC to consider overlay auctions and other property rights-based options for ensuring spectrum is deployed in ways that create the most benefits."
TPI  spectrum-auctions  incentive-auction  Scott-Wallsten 
september 2017 by pierredv
Ofcom sets rules for mobile spectrum auction - Ofcom, July 2017
"0 MHz of spectrum will be auctioned in the 2.3GHz band. This band is already supported by mobile devices from manufacturers such as Apple and Samsung. These airwaves could be used immediately after release to provide extra capacity, meaning faster downloads and internet browsing for mobile users.

In addition, 150 MHz of spectrum will be auctioned in the 3.4GHz band. These airwaves are not compatible with most current mobile devices, but are expected to be usable by future phones and tablets."

Spectrum caps

Philip Marnick, Ofcom’s Spectrum Group Director, said: “Spectrum is a vital resource that fuels the UK’s economy."
Ofcom  spectrum-auctions  metaphor  spectrum-caps  spectrum-resource 
july 2017 by pierredv
Why not auction off low-altitude airspace for exclusive use?
"Tech-optimists predict that drones and small aircraft may soon crowd US skies. An FAA administrator predicted that by 2020 tens of thousands of drones would be in US airspace at any one time. Further, over a dozen companies, including Uber, are building vertical takeoff and landing (VTOL) aircraft that could one day shuttle people point-to-point in urban areas. Today, low-altitude airspace use is episodic (helicopters, ultralights, drones) and with such light use, the low-altitude airspace is shared on an ad hoc basis with little air traffic management. Coordinating thousands of aircraft in low-altitude flight, however, demands a new regulatory framework.

Why not auction off low-altitude airspace for exclusive use?"

JP notes:

There's an intriguing analogy between low vs. high altitude airspace, and licensed vs. unlicensed spectrum. Both distinctions are underpinned by different collision risk levels.

Given the experience in spectrum, I'm not sanguine about the prospects of secondary markets and subleasing.

A more fundamental objection might be exclusion. Unlike spectrum, one can't have parallel equivalent parcels in the same geographical area. If Amazon controlled a parcel, it's unlikely that it would allow Wal-Mart to use it. Airspace parcels seem to have natural monopoly characteristics that radio frequency blocks don't.
TechnologyLiberationFront  Brent-Skorup  drones  auctions  spectrum-auctions  UAS 
june 2017 by pierredv
Spectrum auction design affects prices paid, study finds — PolicyTracker, May 2017
"The choice of bidding rules influences auction revenues, a finding that should be considered by auction designers, say Imperial College London Research Fellow Pantelis Koutroumpis and regulatory economist Martin Cave. NERA economic consultant Richard Marsden, however, said that while the findings will spur an interesting debate, the authors' case is not proven.
The April 2017 paper, "Auction design and auction outcomes," surveyed the impact of auction design on the final prices paid by telecoms operators over the past two decades around the world. It examined more than 10,000 lots covering 85 countries and 371 auctions from 1994 to 2015."

"The paper is a first attempt, the authors said, to tackle the question of whether auction design influences outcome in terms of the revenue derived, measured by $ per MHz per unit of population in the coverage area; and whether the amount an operator pays for spectrum is linked to its legacy spectrum holdings."

"A major area of dispute is the extent to which spectrum prices are a sunk cost. The mobile sector, according to a 2017 paper from industry association the GSMA, generally believes that steep spectrum prices hurt consumers and that efforts to maximise revenues from auctions can damage the wider economy. Others, such as a 2017 study by Cambini and Garelli, however, say spectrum availability and fees don't appear to be correlated with operators' revenues, implying that spectrum resources and its value do not significantly affect industry performance and can be considered sunk expenses."
PolicyTracker  Martin-Cave  spectrum-auctions 
may 2017 by pierredv
Auction Design and Auction Outcomes by Pantelis Koutroumpis, Martin Cave :: SSRN
Abstract
We study the impact of auction design on the final prices paid by telecommunications operators for the past two decades across the world. Our empirical strategy combines information about competition in the local market, the level of adoption and a wide range of socio-economic indicators. Using a micro dataset of almost every mobile spectrum auction performed so far – both regional and national – we show that auction design affects final prices paid. Two combinations of lot pricing and package rules (SMRA with augmented switching and CCA with core pricing) result in auctions with systematically higher normalized returns. Further, the past history of spectrum awards appears to affect prices paid in subsequent auctions. Previous ownership of commercial lots is linked with higher prices paid per lot which varies across national and regional licences. We discuss the mechanisms of cost minimization and foreclosure faced by operators in different regulatory environments. Our findings have implications for policy-makers and regulators.
SSRN  Martin-Cave  spectrum-auctions 
may 2017 by pierredv
5G spectrum assignments should "motivate industry investment," not just raise revenue — PolicyTracker, Apr 2017
"Future awards for 5G spectrum should prioritise mobile operators' investment plans rather than maximise fees, according to Professors Gerard Pogorel and Erik Bohlin. But will governments agree?"
PolicyTracker  5G  spectrum-auctions 
april 2017 by pierredv
US incentive auction produces big winners and big questions — PolicyTracker, April 2017
Quotes:

As the US regulator unveils the results of the 600 MHz auction, it remains to be seen what one of the big winners, Dish, will do with its large spectrum holding, and how well TV channels will fare in the repacking process.

Top bidder T-Mobile paid $7.99 billion for 45% of all of the low-band spectrum sold, averaging around 31 MHz nationwide, and quadrupled its low-band holdings, the company said.

The "most important, and puzzling, question" is why Dish wanted to buy another 20 MHz of spectrum when it already has a huge amount of spectrum that it hasn't yet put to use, and when its current plan for that spectrum is a low-cost Internet of Things network to minimise the cost of meeting its March 2020 buildout deadline, Farrar said.

Moreover, the auction showed that "spectrum demand is highly volatile," said Musey. The addition of another serious bidder could have changed the results significantly.
PolicyTracker  incentive-auction  T-Mobile  Dish  spectrum-auctions 
april 2017 by pierredv
High spectrum prices damage mobile market development, GSMA study claims — PolicyTracker: Mar 2017
"The average final price paid in spectrum auctions increased by 250 per cent between 2008 and 2016, according to a study carried out for mobile industry association the GSMA. Reserve prices have more than quadrupled in the same period, the study says."

"Carlo Cambini of the University of Torino and Nicola Garelli of the University of Milan have compiled a quantitative analysis of spectrum fees and market performance. They reach a very different conclusion."
PolicyTracker  spectrum-auctions  Nera  GSMA 
march 2017 by pierredv
Spectrum shortage is history, no plans of another auction: J.S. Deepak - Livemint
"Spectrum shortage is history and the government has no immediate plans to conduct another round of auctions, telecom secretary J.S. Deepak said on Wednesday."

Via Dale Hatfield
India  spectrum-auctions 
january 2017 by pierredv
Make the air fair.
Via PolicyTracker, jan 2017: "100,000 calls to action have flown in from the general public, mobilised by a campaign called Make the Air Fair. What do they want? A 30 per cent spectrum cap for all UK mobile operators. When do they want it? At some point in the future, presumably. That ball is in Ofcom’s court now."
advocacy  spectrum  spectrum-auctions  UK  Ofcom  grassroots  activism 
january 2017 by pierredv
Book review: "5G Spectrum and Standards" by Geoff Varrall — PolicyTracker - Dec 2016
"In 5G Spectrum and Standards, Geoff Varrall says 5G will only be a success if it can do the same thing. The book outlines the hard maths of the various visions of 5G and Varrall, like many vendors and operators, sees 5G as an evolution rather than a revolution. For all the technological advancements, “5G’s delivery economics will be determined by improving existing technologies and the efficiency with which we exploit these technologies,” he says."
PolicyTracker  5G  books  reviews  spectrum-auctions 
december 2016 by pierredv
Stage 2 of incentive auction ends after a single round generates only $21.5B in bids | FierceWireless Oct 2016
"Stage 2 of the FCC’s incentive auction of 600 MHz airwaves came to an unexpectedly abrupt end this morning after a single round of bidding."
"Despite long-standing concerns over a so-called “spectrum crisis,” though, demand for TV broadcasters’ airwaves certainly appears to have fallen short of expectations.

“I think we’re seeing more of a spectrum crackle than a crunch,” tweeted Rick Kaplan (Kaplan's tweet appears to have since been deleted)"
FierceWireless  incentive-auction  spectrum-auctions 
october 2016 by pierredv
Airwaves: 'It just drives you crazy' - POLITICO
"Why inflexible budget rules are keeping lawmakers from selling billions of dollars worth of government airwaves"
Politico  spectrum-auctions  CBO  budget 
october 2015 by pierredv
Update on Annual licence fees for 900 MHz and 1800 MHz spectrum: German 2015 auction | Ofcom
"This document provides an update on the German auction for the award of licences for the 700 MHz, 900 MHz, 1500 MHz, 1800 MHz and 2100 MHz bands, which concluded on 19 June 2015. Ofcom considers that this auction provides relevant evidence for the purposes of estimating the market value of the 900 MHz and 1800 MHz licences in the UK."
Ofcom  Germany  spectrum-auctions  auctions 
july 2015 by pierredv
Why the US AWS-3 spectrum auction result exceeded all expectations and what it means for future auctions - Insight - News | Analysys Mason - Feb 2015
"Aggressive bidding by DISH appears to be the main reason why the auction raised so much money. Figure 1 shows the winning bidders for each block in the ten cities where most money was raised.3 It can be seen that DISH won the G block in all ten cities, the A1 block in nine cities, the B1 block in seven cities and the H and I blocks in the three of the top four cities. In total it won 32 out of the 60 blocks available, compared to 15 for AT&T, 7 for Verizon and 2 for T-Mobile."
AnalysysMason  auctions  AWS-3  spectrum-auctions 
february 2015 by pierredv

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