TABLE OF CONTENTS Page Page EXECUTIVE SUMMARY .................................. ix 4.3 1 KEY ICT MARKET AND REGULATORY TRENDS ................................................ 1 The First Law: profitability increase depends on growth .................................... 73 4.4 The Second Law: complexity always increases over time .................................... 76 1.1 ICT market overview................................... 1 4.5 1.2 Regulatory trends ....................................... 6 The Third Law: the gradual erosion of market power ............................................. 80 1.3 GSR-13 Best Practice Guidelines ................ 11 4.6 1.4 Conclusion................................................... 11 The impact of the laws on national interconnection regimes ............................ 84 2 FOURTH-GENERATION REGULATION: A NEW MODEL OF REGULATION FOR THE DIGITAL ECOSYSTEM ........................................ 13 4.7 Conclusions ................................................. 87 5 DIGITAL BROADCASTING AND ONLINE CONTENT DELIVERY............. 91 5.1 Introduction ................................................ 91 5.2 Digital broadcasting and online content delivery ....................................................... 93 2.1 Introduction ................................................ 13 2.2 The changing environment ....................... 14 2.3 Public policy ................................................ 19 5.3 Global trends in online content delivery ... 95 2.4 The evolving role of regulators................... 22 5.4 Business models in a converged market.... 98 2.5 Fourth-generation regulation.................... 27 5.5 An overview of global regulatory models.. 101 2.6 Best practices .............................................. 36 5.6 Conclusion: trends and issues .................... 108 2.7 Conclusion................................................... 40 6 3 TV WHITE SPACES: MANAGING EMPTY SPACES OR BETTER MANAGING INEFFICIENCIES? ............. 45 DIGITAL TRANSACTIONS IN TODAY’S SMART SOCIETY ................................ 115 6.1 Introduction ................................................ 115 6.2 The context for policy-making and regulation.................................................... 116 6.3 An overview of services and delivery ........ 120 3.1 Introduction ................................................ 3.2 Overview: the development of TV White Spaces ......................................................... 45 6.4 Challenges facing the industry ................... 131 3.3 Building the TVWS ecosystem ................... 48 6.5 3.4 Regulatory Perspectives ............................. 53 Regulation of mobile payments and related services........................................... 135 3.5 Conclusions ................................................. 60 6.6 Conclusions ................................................. 145 Annexes: ................................................................. 62 7 Annex 2: Recommendation 76 (WRC-12) on Cognitive Radio Systems............................. 63 THE NEED FOR MORE IP ADDRESSES ........................................ 147 7.1 Introduction ................................................ 147 7.2 The status of IPv4 and the transition to IPv6 ............................................................. 147 7.3 Policy and Political Goodwill ...................... 162 7.4 Conclusion .................................................. 171 8 CONCLUSIONS ................................... 175 4 45 INTERCONNECTION CHARGING MODELS IN A NATIONAL BROADBAND NETWORK ENVIRONMENT ................................... 67 4.1 Introduction ................................................ 67 4.2 The Zeroth Law: interconnection is transitive ..................................................... 68 Trends in Telecommunication Reform: Special Edition v