A liberalised market should stimulate innovation, provide better services to customers and allow spectrum to migrate to the most economically valuable uses. In the first of two articles we ask if 28GHz in the UK is a liberalisation success story. The band was sold at around 200 times its current value nine years ago, and has since been underused; traded; and auctioned again. So has liberalisation enabled it to bounce back from this overvaluation?
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