The court structured its judgment in three parts, first examining the legal nature of spectrum, then identifying the key legal questions at stake, and finally analysing how insolvency law interacts with telecom regulations. Its conclusion was unambiguous. It said that spectrum is not ordinary corporate property, and even though it is allocated through auction, it remains a public resource that private companies cannot transfer during insolvency.
Insolvency Guardian
Insolvency Services & Bankruptcy Advice
