Overview

We have established expertise in all aspects of spectrum advice, from economic and strategic thinking through to engineering and coexistence work. We can help regulators understand how spectrum can be used and how to award it, mobile operators assess the value of spectrum and its impact on network planning, broadcasters rationalise and better utilise their spectrum portfolios, and other users argue for changes to regulations that assist with their use. We can advise on the processes and technical regulations that need to be followed.

Spectrum valuation

We use a wide variety of tools and methodologies to estimate the value of spectrum.  These include:

Direct benchmarking
drawing upon our established database of auction results from around the world
Adjusted benchmarking
which takes account of differences in spectrum capabilities and country differences
Econometric benchmarking
using advanced statistical models to understand the drivers of spectrum value and using these in predictions
Avoided cost modelling
which examines network architectures with and without spectrum award to understand the incremental value
Iterated cost modelling
using a dynamic approach to market modelling with a set equilibrium
Full enterprise value models
examining the total profit that can be expected from spectrum awards

Our advice has been used to set reserve prices, develop bidding strategies for operators, formulate annual fees based on opportunity cost, and determine one-off payments in beauty contests. Outputs from our valuation work have also been used within the scope of cost-benefit analysis and impact assessments.

Spectrum awards and licensing

We advise regulators on the best way to approach the award of spectrum – be it through auctions or beauty contests, with or without spectrum caps and obligations, technology-neutral or service-dependent. We assist operators and other users in evaluating and assessing the impacts of award designs, including competitor analysis, bidding strategy, and award structure. Utilising local and international law firms, we have helped regulators set out spectrum licences and understand the impact of restrictions and obligations in these.

We also help regulators carry out fee reviews for different spectrum uses to ensure that the structure of fees are in line with the promotion of efficient spectrum use and other regulatory objectives.  We can help our clients understand the impact of different fee levels, and the incentives that result from different frameworks.  Our understanding of economic and behavioural theory can help regulators design the most efficient fee structure, and operators react to regulation that has been put in place.

Spectrum policy

We have advised governments and regulators on how to manage the release of spectrum, ranging from assistance with the award process to more strategic questions over how to determine the most efficient and appropriate use of specific bands. We have assisted operators and industry bodies in formulating arguments for the re-allocation and release of spectrum, and developing the roadmap for doing so. Our staff have been instrumental in helping governments and regulators establish frameworks for spectrum management and spectrum pricing. We have also been actively involved in international discussions on the use of spectrum sharing and secondary markets.

Coexistence and monitoring

We have produced reports and analysis on how spectrum can be used by multiple services at once, and how use of spectrum on adjacent bands may cause interference. Our work on radiospectrum engineering enables us to provide a complete solution to policy makers looking to understand the impact of regulations and changes of use. We provide advice to regulators on how to establish a robust monitoring framework and also carry out field testing ourselves. Alongside this, we work with operators and manufacturers on measuring the performance of equipment and assessing how this will impact on interference.

Contact

Tim Miller

Tim Miller

Tim Miller est Associé chez Plum. Il est spécialisé dans l’application de la théorie économique aux questions de télécommunications, avec un accent particulier sur la réglementation, la concurrence, et les politiques et stratégies en matière de spectre. Les opérateurs s’appuient sur ses conseils pour faire pression en faveur de modifications de la réglementation, ainsi que pour élaborer des politiques et stratégies de réglementation.

Tim développe des modèles et des outils analytiques permettant aux opérateurs, aux régulateurs et aux gouvernements d’évaluer la valeur du spectre et de décider comment l’allouer. Il a également travaillé sur l’utilisation du spectre des points de vue technique et réglementaire dans les réseaux fixes et mobiles. Ses travaux prennent en compte les interactions entre marchés et entreprises, leur impact sur les attributions de spectre et sur la réglementation en général. Appliquant des réglementations existantes aux marchés émergents – en particulier en Afrique, en Amérique Latine et au Moyen-Orient – il souhaite développer de nouvelles réflexions réglementaires qui refléteraient la nature changeante des marchés des télécommunications actuels.

Appliquant par ailleurs la théorie des jeux aux interactions du marché, Tim permet aux opérateurs et aux régulateurs de comprendre les résultats potentiels de leurs décisions et la manière d’en atténuer les effets indésirables. Ses travaux portent également sur la réglementation du haut débit mobile, l’estimation de la demande en trafic de données, les analyses d’impact économique et de coûts, la tarification des services réglementés, les modèles de coûts de radiodiffusion, les litiges relatifs aux câbles sous-marins, la portabilité des numéros mobiles, les calculs de coûts du service universel et la séparation structurelle.

Tim est titulaire d’une Maîtrise en économie de l’Université de Bristol, spécialisée dans les enchères et la théorie des jeux, et d’une Licence en économie et en mathématiques de la même institution.