Spectrum & Auctions

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Core Spectrum and Auction Activities

LYA’s has been providing Spectrum and Auction advisory services for more than 20 years. Our Spectrum and Auction practice covers a wide range of activities from the development of 5G spectrum strategy and valuation, to auction platforms and auction management tools, to conducting the sale of spectrum licenses on behalf of clients. LYA’s auction platforms employ robotic AI bidders to support sophisticated simulation capabilities and realistic mock auctions.

LYA’s expertise is at the forefront of auction formats and rules including Simultaneous Multiple Round Ascending (SMRA) Auctions, Combinatorial Clock Auctions (CCA), Sealed Bids Auctions and the Ascending Clock Auction format, as well as Sequential Assignment Auctions with second price award. LYA has also developed original auction formats targeted at specific applications on behalf of its world-wide clientele.

Auction Services

The LYA Team brings expert auction preparation and support experience and expertise across different auction formats. LYA provides a full suite of auction services for potential auction participants as well as auctioneers. LYA has provide support to clients in spectrum auctions in Canada, the US as well as in Europe. LYA’s services include auction strategy, license valuation, bidder training, tactical planning, auction management tools that support round-by-round decision making, and in-bid room support and advice.

Auction Platforms

LYA’s auction platforms have been extensively used around the world across a wide variety of auction formats. LYA delivers custom auction solutions which leverage LYA’s flexible core auction modules to build powerful and customized platforms. LYA Auction Platforms include robotic bidders with AI capabilities enabling efficient full simulations of complete auctions useful for auctioneers as well as for auction participants. More details on LYA Auction Platforms are provided below.

Spectrum Strategy

LYA brings extensive experience in supporting carriers mapping out their 5G spectrum strategy to ensure that they can fulfill their objectives as well as develop a competitive advantage. This includes how to maximize usage of current spectrum holdings as well as taking steps to secure additional resources, either via regulatory support, secondary markets or in auctions. In the 5G world,  the right spectrum strategy and spectrum assets provide a critical competitive edge to telecommunications operators.

Spectrum Valuation

Valuation of spectrum licenses is often required in the context of secondary market transactions, subordinate licensing arrangements, auction preparation or as part of the development of new wireless and mobile business plans. LYA uses benchmarking with relevant auction bids and international auction benchmarks, as well as secondary market transactions in addition to Discounted Cash Flow (DCF) modelling to provide estimates of the value of spectrum licenses.

Spectrum and Auction Workshops

The LYA Spectrum Strategy, Valuation and Auction Workshops provide an intensive learning experience integrating technology, regulations, competitive market dynamics and auction theory and practical lessons from past auctions. The LYA Workshop is a first step to success whether as part of auction preparation or as part of an overall business strategy. The LYA Workshop enables you to benefit from our unique and extensive experience during a one-day session at a time and location of your choosing. Workshops can also include hands-on bidding in a realistic mock setting.
LYA helps its clients address all key parameters that are critical to successful spectrum strategies and successful spectrum award processes.
  • Understanding the spectrum needs to meet the demand of the end customers
  • Analysing the overall competitive environment, including carriers and other stakeholders
  • Reviewing capabilities and resources in the industry, leading to
  • Assessing the costs, opportunities and risks associated with competitive spectrum awards

Follow pertinent matters and developments related to spectrum and auctions via LYA’s published c-Ahead insights.

Latest Insights

Cogeco Acquires WISP iTeract – Sale Process Conducted by LYA

Auction Services

The LYA Team brings expert auction preparation and support experience and expertise across different auction formats.

  • Mobile spectrum such as 600 MHz, 700 MHz, AWS1/3, Mid-Band including 2500 MHz, 3500 MHz and other C Band, as well as 2 GHz bands and mmWave.
  • Specialized applications such as Air to Ground service
  • Fixed services in a variety of bands including satellite applications and the 24 GHz and 38 GHz bands

LYA Auction Platforms support all current formats from Simultaneous Multiple Round Ascending (SMRA) Auctions to Combinatorial Clock Auctions (CCA), Sealed Bid Auctions, and the Ascending Clock Auction format. This includes for second price auctions, implementation of nearest-Vickrey core-selecting algorithms and their variations. LYA’s platforms also support Sequential Assignment Auctions.

Our Auction Platforms have supported a variety of rules and parameters including spectrum set asides and spectrum caps. All LYA Auction Platforms support a large number of license blocks on offer along various regional or national basis. LYA’s Auction Platform can be programmed to reflect any type of auction process, from small to very large, reflecting all the rules set forward by the auctioneer for each specific auction.

LYA provides a full suite of auction services for potential auction participants and auctioneers

  • Auction preparation planning and design/review of auction rules and parameters
  • Assessment of the industry and competitive environment
  • Valuation of the spectrum to be awarded
  • Delivery of an Auction Platform
  • Bidding workshops and mock auctions
  • Extensive simulations with robotic AI bidding
  • Development and support for an Auction Management Tool specific to each client’s needs
  • Bid room management and analyses supporting executive decision making during the auction
  • Auction post mortem and validation.

The high-stakes nature of Spectrum Auctions leaves no room for error.

Bidding teams need to be well prepared and experienced with the auction format and rules set. The LYA Auction Platform allows your bidding team to gain the experience necessary to get the spectrum you need at the lowest possible price.

Auction Platforms

Our Auction Platforms are flexible can be used for a wide variety of types of auctions.

  • Spectrum Auctions
  • Procurement Auctions
  • Power Auctions
  • Financial Products
  • Diamond Auctions
  • Wireless Towers
  • Emissions Trading
  • Any type of high value asset

SMRA Auction

Simultaneous Multiple Round Ascending auction. One of the most common multi-round auction formats.

CCA Auction

Combinatorial Clock Auction Format. Second price auction with user defined package bidding and assignment phase.

Clock Auction

Ascending clock auction with intraround bidding, multiple bid types.

Highly Configurable Rule Sets

Our Platforms are built to allow for large flexibility in rule sets and auction parameters in general, including:

  • Bidding Caps, Set-Asides, Withdrawals and Fine Calculations
  • Reserve Prices/Opening Prices
  • Activity Rules (Eligibility Points, Revealed Preference)
  • Pricing Rules (First Price Auctions, Second Price VCG Auctions, Core Pricing)
  • Tie-Breaking Rules for Winner Determination
  • Stage Transition and Auction End Conditions
  • Generic Item Attribute Constraints

LYA will also work with individual clients to implement new rules for individual auction formats.

Mock Auctions and Simulations with AI Bidders

Training

Bid against sophisticated robotic AI bidders and refine your bidding strategies. Evaluate bidding tactics and familiarize yourself with the auction process.

Simulations

Execute automated sets of auctions with AI bidders and assess strategy effectiveness and auction outcomes. Vary parameters in robot behaviour to see effects of opponents’ bidding tactics.

Configurable Robot Behaviour

Configure robot behaviour to reflect different targets and valuations across various bidders. LYA will also work with clients to provide custom behaviours for specific auctions.

Advanced Bidding Metrics and Tracking Tools Built-In

The system generates bidding metrics real-time and round by round reports for bidder and auctioneer analysis.

  • Item prices and valuation metrics
  • Activity breakdowns by region and item
  • Bidder exposure and commitment calculations

Platforms for Auctioneers and Regulators

Auctioneer Controls

Have full control over the auction process as it progresses with dynamic auction parameters and scheduling as rounds proceed. The auction process is audit ready for third-party validation of auction results.

Fully Secure

State of the art web security is used to secure the bidding processes. Take advantage of RSA® or SMS two factor authentication and encrypted platform access.

Real-time Bidder Monitoring

Bidder activity can be monitored real-time during bidding rounds. Stay up to date with the auction progress via status reports, key metrics, and downloadable round reports.

Validate Rule Sets with AI Bidders

Run simulations using LYA’s AI bidders to validate potential rule sets and test which yield best revenue outcomes for the regulator.
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Workshops

LYA offers workshops for conferences or your private in-house events. Below are two examples of LYA Workshops.

The LYA® SPECTRUM STRATEGY, VALUATION AND AUCTION WORKSHOP provides an intensive learning experience integrating auction theory, technologies and regulations as well as competitive and market dynamics. In the 5G world, the right spectrum strategy and spectrum assets can provide a critical competitive edge to telecommunications operators.

The LYA® workshop is a valuable tool to kick start your auction bidding team prior to spectrum auctions or as a part of overall strategy development for spectrum initiatives. Benefit from LYA’s unique experience in areas such as:

  • Business planning for spectrum based initiatives
  • License valuation
  • Auction training
  • Hands-on bidding room experience and successful bidding

This workshop is provided as an intensive one-day session at a time and location convenient for you.

The LYA® AUCTION BIDDING WORKSHOP provides participants with an opportunity for hands-on experience of major auction formats currently being used for high stakes auctions from sealed bids to combinatorial clock including first or second price auctions. Below is an overview agenda for the LYA® AUCTION BIDDING WORKSHOP.

  1. Auction Format and Rules Overview
    • Sealed Bids
    • Simultaneous Multiple Round Ascending
    • Combinatorial Clock Ascending
    • Clock Auction
    • First or Second Price
  2. Discuss the pros & cons of each
  3. Results of sample auctions worldwide
  4. Hands-on bidding
    • Sealed bids
    • Simultaneous Multiple Round Ascending
    • Combinatorial Clock Ascending
    • Clock Auction
    • First or Second Price
  5. Wrap-Up

This workshop is provided as an intensive two-days session at a time and location convenient for you.

Please contact us for scheduling, pricing and more information.