Spectrum2025-09-17T12:12:13+00:00

Spectrum

We support operators and regulators in managing, buying or selling spectrum, a key telecoms resource.

We help operators to understand their spectrum needs, value spectrum and bid in auctions. We have assisted bidders in over 90 spectrum awards worldwide, and we have advised on spectrum transactions worth over EUR10 billion.

We also assist regulators to shape spectrum policy, including designing spectrum awards and setting spectrum fees. Our understanding of the technical, market and economic aspects related to spectrum means that we are uniquely placed to help regulators formulate spectrum policy.

Our spectrum services

Spectrum strategy

We help our clients to understand their spectrum requirements and develop strategies to make optimal use of this valuable asset.

Spectrum valuation

Using our unique approach – refined over many projects – we accurately value spectrum for both our clients and their competitors ahead of spectrum awards and transactions.

Auction bid strategy

We ensure that our clients are fully prepared for spectrum auctions – including a robust bid strategy, rigorous auction tools and appropriate ‘war-room’ processes.

Spectrum policy

By assessing technological developments and demand from various uses, we help regulators to formulate policies to maximise the economic use of spectrum.

Award design

We support regulators to design auctions and other spectrum award/renewal processes to achieve efficient outcomes.

Spectrum pricing

We support regulators to set annual fees and auction reserve prices at optimal levels to incentivise efficient use of this scarce resource.

Spectrum fee benchmarking

We maintain an extensive database of global auction prices, renewal prices and annual fees, which we use to benchmark spectrum value.

Our project experience

Romania 2015
C-band package clock auction

Aetha supported Orange Romania in an auction for 3.5GHz and 3.7GHz spectrum including consultation support, spectrum valuation and bid strategy.

Belgium 2022
Multi-band SMRA

Aetha provided end-to-end auction support ahead of a multi-band spectrum auction, including consultation support, valuation and bid strategy development.

Australia 2023
C-band SMRA

Aetha provided valuation and bid strategy support ahead of an auction of 3.4-3.8GHz spectrum including developing a detailed valuation model and providing in-auction support.

Full review of spectrum pricing

Aetha completed international benchmarking of spectrum pricing for all radiocommunications services and proposed a new spectrum price schedule for Malaysia.

Relevant articles and reports

Our experts

Lee Sanders
Lee SandersManaging Partner
Andrew Wright
Andrew WrightPartner
Amit Nagpal
Amit NagpalPartner
Marc Eschenberg
Marc EschenbergPartner
Graham Louth
Graham LouthAssociate Partner
Kiril Minchev
Kiril MinchevPrincipal
Jonathan Wall
Jonathan WallPrincipal
Cameron Currin
Cameron CurrinPrincipal
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