HMMR acquired 3.5 Ghz bandwidth (5G) Valuing 5G Spectrum: Valuing the 3.5 GHz and C-Band Frequency Range
The 3.5 GHz and C-Band Frequency Range The 3.5 GHz band (3GPP Bands 42 and 43) has been identified by the European Commission as a 5G “pioneer” band. There is considerable interest globally in this band as well as the so called C-Band, particularly in around the 5.9 GHz sun-band. The 3.5 GHz band has already been assigned in a number of markets including the UK, Japan, Spain, Hungary, Latvia, Slovakia and Ireland and future awards are planned in Switzerland and other markets despite a high degree of uncertainty over standards, spectrum availability, use case and business models. There are currently a small number of commercial Band 42 networks operational with the largest being in London and Tokyo. Globally, a large number of other markets will also be assigning these frequencies over the coming years.
Use Cases, Revenue and Traffic Projections
The 3.5 GHz band, with its attractive dual ability to provide both coverage and very high capacity, means that it will play a major role in supporting the three different categories of 5G use: eMBB, mMTC and uRLLC.
Valuing 5G spectrum such as 3.5 GHz and the C-band is, in theory at least, straightforward. The value of 5G spectrum is simply the difference between the value of a business with the spectrum (the “with spectrum case”) and the value of the business without (the “no spectrum case”). The reality however is that operators will face significant challenges in valuing 5G spectrum and these challenges are likely to be encountered first in relation to the 3.5 GHz band. Mobile operators who see 5G as largely an evolution from 4G will find valuation challenging but those that regard 5G as the catalyst for a major change in strategy will find the valuation challenge even greater. http://www.coleago.com/wp-content/uploads/2018/02/5G-and-3.5-GHz-Spectrum-Valuation-Paper.pdf Hammer Fiber Optic Holdings Corp. (OTCQB:HMMR) announced today that it has completed its acquisition of spectrum licensing in the 3.5 GHz band from 3.650 GHz 3.700 GHz. The spectrum was purchased earlier this year, pending transfer with the FCC, which is now complete. https://www.otcmarkets.com/stock/hmmr/news/Hammer-Communications-receives-approval-of-FCC-license-in-35-GHz-CBRS-Band-completing-major-enhancement-of-the-companys-?id=195243