Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/302470 
Year of Publication: 
2024
Series/Report no.: 
24th Biennial Conference of the International Telecommunications Society (ITS): "New bottles for new wine: digital transformation demands new policies and strategies", Seoul, Korea, 23-26 June, 2024
Publisher: 
International Telecommunications Society (ITS), Calgary
Abstract: 
This paper aims to examine the impact of spectrum prices on mobile operators' industry investment using country-level data from 13 countries spanning 2013 to 2022. We employ four models to explore the quantitative evidence, with a preference for the one-step system GMM model through hypothesis testing. The results indicate that significant factors influencing investment include prior CAPEX, urban population, ARPU, GDP, and HHI, while spectrum prices and fees do not show significance. To address limitations, we suggest expanding sample sizes and incorporating additional instruments and dependent variables to establish evidence-based insights into the relationship between spectrum prices and CAPEX.
Document Type: 
Conference Paper

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