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This Explanatory Memorandum provides explanatory detail about the Finnish Regulation on 2500 - 2690 MHz Spectrum Auction (the Regulation). The Regulation sets out the process and procedures governing the 2009 2500-2950 MHz spectrum auction in Finland. The Regulation also sets out information about related matters, including, for example, the registration period, contact person requirements, and the spectrum blocks available and their usage restrictions.
The Explanatory Memorandum expands on the provisions of the Regulation in order to ensure that potential participants understand the regulatory framework governing the auction for the 2500 - 2690 MHz frequency. The Memorandum includes detailed examples of the operation of the activity rules, as well as further explanation of key elements of the auction process such as moving bids, cancelling bids, the right to waive participation in a round of bidding, the price of the spectrum blocks, and the conclusion of the auction.
The Explanatory Memorandum includes the following overview of the auction:
"The auction process is a simultaneous multiple-round (SMR) auction. All 15 frequency blocks will be auctioned at the same time, and the auction will involve several bidding rounds.
"At the beginning of each bidding round, FICORA will announce a going price for each of the 15 frequency blocks. In the first bidding round, the going prices will be the starting price stated in the Act on Spectrum Auctions and bidders can place bids for frequency blocks that add up to a total of five points (see below for description of the point system). For frequency blocks for which at least one bid has been placed, one bid will be selected as the standing highest bid.
"In subsequent bidding rounds, the going prices will be determined by FICORA. For frequency blocks where at least one bid has been placed, the going prices will be raised. After the first round, a bidder can choose to keep his bid as it is for the same frequency block, raise his bid, or transfer his bid to another frequency block, subject to eligibility requirements. The bidder can sit out up to three bidding rounds.
"The auction concludes in the bidding round where no new bids are received and no bidders are sitting out the bidding round. The bidder who has a standing highest bid for one or more frequency blocks has won those frequencies in the auction."
(Excerpt from the Explanatory Memorandum at page 2.)
This Explanatory Memorandum should be read in conjunction with the Finnish Regulation on the 2500 - 2690 MHz Spectrum Auction.
By Finland -- FICORA. Published March 2010.