I was working at British Telecom when they bought their 3G licenses for the UK. The stock dropped by 50%, making my options worthless. Not that I am salty. I w

I was working at British Telecom when they bought their 3G licenses for the UK. The stock dropped by 50%, making my options worthless. Not that I am salty. I wonder if it is optimum for society to price the spectrum so high that it is barely possible to build on it, then transfer the costs to the consumer. Basically it's a tax on technology. Or if it's not so high, then it's a windfall to the carriers.