Our method of valuation is to understand the relative value of different bands by intelligently interpolating. We do this using factors such as relative propagation, international harmonisation, equipment availability and others to derive a “curve” that shows how value varies with frequencies. We then calibrate this curve to absolute values using data from a number of key bands in the frequencies of interest up to 3 GHz. The bands are: 700 MHz, 8-900 MHz, 1800 MHz, 2.3 GHz and 2.6 GHz.