Abstract
This paper reviews the history of frequency auctions and M&A in the US and the EU, provided a study of the accounting for frequency auctions and M&A, and presents a benchmark survey upon telecom carriers. We found that there was a high value on intangible assets from frequency auctions and M&A. Thus, IFRS (International Financial Reporting Standards) will have a big impact on business planning for frequency auction and M&A. We propose that segment accounting be used as a way of managing companies so that this impact is reduced.
