Spectrum Property and Spectrum Valuation Presentations

We’ve just added two presentation to our website that might be of interest:

1) An Introductory Framework for Wireless Spectrum Valuation

2) Broadcasting Licenses: Ownership Rights and the Spectrum Rationalization Challenge: Why the Government is Buying Back its Own Spectrum.

The first presentation is what the title implies — It outlines a basic framework for analyzing wireless spectrum valuation. Its reviews basic methods of valuation as well as the advantages and disadvantages of each. The presentation also reviews special considerations in comparing spectrum that an appraiser needs to consider. Finally it analyzes issues specifically related to television broadcast and mobile wireless spectrum as they relate to the upcoming incentive auctions.

The second presentation is an analysis of the quasi-property rights held by television broadcasters and its impact on the FCC spectrum rationalization process including the planned incentive auctions. Analysis of the text of relevant legislation, legislative and judicial history as well as public policy implications. This presentation was prepared for a talk given at Columbia Law School in November 2012 and is based on an paper published in the Columbia Science and Technology Law Review (Spring 2012) which examines the showdown between television broadcasters and the government in light of the FCC’s plan to reallocate currently licensed broadcast spectrum to significantly higher value mobile broadband use. The government seeks to do so in an economically, socially and legally efficient manner, and has indicated that it seeks a reallocation via a voluntary reverse auction process. Nonetheless, any spectrum reallocation proceeding raises the question of whether, and to what extent, television broadcasters ultimately possess rights to licensed spectrum, and what type of compensation, if any, they would be owed if the FCC takes their spectrum licenses involuntarily.