Why the Spectrum Is Worth Billions

Governments around the world have reaped billions of dollars from selling something we can’t see, taste or weigh: the spectrum. These invisible electromagnetic waves carry radio, TV broadcasts and, increasingly, YouTube videos to our smartphones. With demand exploding, mobile capacity is being strained. TV stations will need be squeezed into a narrower swath of spectrum as mobile operators buy up the old airwaves to keep our smartphones online. (Video by Tom Gibson.) (Source: Bloomberg)

Full Show: Surveillance (08/09)
42:00 - Bloomberg Surveillance hosted by Tom Keene and Francine Lacqua. Guests include Marc Spieker, chief financial officer at EON SE, Geraldine Sundstrom, portfolio manager at Pimco, John Normand, head of FX research at JPMorgan, and Ted Alden, senior fellow at Council on Foreign Relations. (Source: Bloomberg)
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  • Why the Spectrum Is Worth Billions