5G and mmWave spectrum
In this paper, we consider regulatory approaches to the assignment of mmWave spectrum. The abundance of mmWave spectrum means that demand may not exceed supply and so an auction format may not be the appropriate approach. Regulators need to be flexible over their choice of award mechanism and less prescriptive or demanding in their choice of licence conditions.
The allocation of mmWave spectrum has presented challenges for regulators across various markets. Unlike traditional scarcity, the abundance of this spectrum questions the efficacy of auctions as the primary assignment approach. Coleago’s analysis scrutinises these challenges, assesses prevailing approaches, and recommends a more adaptable regulatory stance.
The paper underscores the need for regulatory flexibility in assigning mmWave spectrum. Straying from rigid, prescribed licence conditions, regulators should embrace a more permissive approach. This flexibility is crucial in fostering market innovation and creativity.
Regulators face a parallel uncertainty akin to the industry’s ambiguity regarding the 5G business case. The absence of spectrum scarcity has rendered auctions less straightforward as the default choice for allocation. Thus, a flexible approach becomes imperative to leverage market dynamics effectively.
Moreover, facilitating spectrum trading emerges as a pivotal factor in ensuring optimal spectrum utilisation. Allowing trading incentivises efficient spectrum use, aligning with the overarching goal of maximising its value.
In conclusion, regulatory strategies for mmWave spectrum allocation necessitate a paradigm shift. Flexibility and adaptability must replace rigid frameworks, empowering market dynamics to drive innovation. While avoiding excessive prescription, enabling spectrum trading remains a crucial tool in fostering efficient spectrum utilisation. Regulators must evolve to harness the potential of mmWave spectrum effectively.
Other insights
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