Telenor acknowledges that spectrum is considered a publicly owned resource, and that citizens should benefit from the creation and sale of exclusive rights to the use of frequencies.
The benefits from spectrum accrue to citizens in a number of ways:
Overemphasis on direct auction revenue will reduce the benefits from the latter sources. Monopoly behaviour, where spectrum is kept away from operators, reserve prices are excessive, or technology neutrality is denied, prevents more benefits than the associated increase in government revenue from such measures (if any).
Telenor’s view is that governments should maximise revenue from spectrum subject to only two constraints:
Modern best practice auction formats achieve this in most cases.