Background
7. In April 2003, Cabinet agreed that subject to case-by-case assessment, replacement rights will be offered to existing right holders, and that if the renewal offers are not accepted, the rights will be reallocated by auction [POL Min (03) 9/1]. The policy requires the offer price to approximate the market value of the rights and produce a fair financial return to the Crown.
8. Cabinet has agreed policies for offers in regard to UHF-TV licences [CAB Min (04) 41/24] and AM/FM licences [POL Min (04) 12/4], and has decided not to make renewal offers to current right holders in the 2.3 GHz band, which have not had any significant use to date [CAB Min (04) 41/24]. This paper considers rights used for cellular services.
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