While telecoms providers have been marveling over the potential of 3G licences, Macquarie Bank has been quietly eyeing opportunities in a slightly different market. The bank's venture capital e-commerce incubator, eDivision, is due to launch the world's first on-line exchange for radio spectrum in 2001, known as SpectrumDesk.com. The portal aims to facilitate the secondary market in trade spectrum rights among incumbent companies in Australia, with radio frequency spectrum ranging from 500MHZ to 1.8GHz being auctioned. Explains Peter Cooper, co-founder of SpectrumDesk.com: "Spectrum Desk will operate two types of auction: a seller's auction (where spectrum is listed for sale) and a buyer's auction (where sought after spectrum is listed)." Spectrum rental and other services may follow.
February 01, 2001