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.
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.
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.
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.
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.
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.
August 2, 2021 – Canada’s recently completed 5G auction of 3.5 GHz licenses - results announced July 29, 2021 - blasted through the previous high-water market for mid-band spectrum licenses. The total of C$8.91 billion [...]
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.
Our Auction Platforms are flexible can be used for a wide variety of types of auctions.
Any type of high value asset
Simultaneous Multiple Round Ascending auction. One of the most common multi-round auction formats.
Combinatorial Clock Auction Format. Second price auction with user defined package bidding and assignment phase.
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
LYA will also work with individual clients to implement new rules for individual auction formats.
Mock Auctions and Simulations with AI Bidders
Bid against sophisticated robotic AI bidders and refine your bidding strategies. Evaluate bidding tactics and familiarize yourself with the auction process.
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
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.
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.
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
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.
Auction Format and Rules Overview
Simultaneous Multiple Round Ascending
Combinatorial Clock Ascending
First or Second Price
Discuss the pros & cons of each
Results of sample auctions worldwide
Simultaneous Multiple Round Ascending
Combinatorial Clock Ascending
First or Second Price
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.