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And he said too many licences had been awarded to "gold diggers who were in it for a quick buck".
The answer to that is to ensure that there is competition in the market for 3G services, by squeezing in as many licences as possible.
If so he should issue as many licences as possible without compromising standards: to new entrepreneurs who want to use technology to serve the poor; to decent financial firms that are not part of conglomerates; and, perhaps, to industrial firms with diverse ownership.
Even then it is impossible to say how profitable this business will be: nobody can forecast actual demand for the services, and also, with so many licences sold (Germany sold six blocks of spectrum), competition will be intense.The firms could reduce leverage by raising more equity.
In an independent report last year for the Digital Britain team, John Myers, former Guardian Media Radio managing director, reviewed decades of misguided policies, stop go expansion, the failure to wrest more frequencies from the dominant BBC, and the creation of far too many licences fishing the same ad markets.
Mr Harvard said the council would commission a survey to find out how many licences were required for the city, but there is now a dispute between the cab drivers and the council over who should pay for it.
Similar(54)
I know that many licence-payers will feel let down.
The Rose review described an internal culture at the BBC which many licence fee payers will find disturbing.
Hall and his senior colleagues had better hope that not too many licence fee payers follow his lead.
Watched by very few and loved by even fewer, it is exactly the kind of TV channel many licence fee-payers could happily do without: for all its public service value, BBC Parliament has also been guilty of many excesses – the least of which has been to broadcast hours and hours of live footage of near empty green benches.
But it does restrict how many broadcasting licences a company can own.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com