But others pointed out that in sectors like public safety, noncommercial broadcasting and private wireless, auctions may not make sense. So I called together the best minds in industry, the academic community and the Commission, and we came up with a better way. One year ago, we issued a landmark blueprint for spectrum management with our policy statement on spectrum management. Out of that process came the guard band manager concept. So that is why Mark has been spending so much time on Wall Street.
Band managers have both private and public responsibilities.
Band managers can subdivide and lease spectrum to third parties without going through Commission licensing procedures for each separate transaction. That means more efficiency. The spectrum can be put to a wide range of uses, including fixed or mobile private internal communications, and private common carriage. We do not dictate any particular business model. That means more flexibility.