The value of commercial radio licenses

The Ministry of Economic Affairs, responsible for the issuance of frequency licenses to broadcasting services, wants to give digital ether radio an impulse. One way is to extend the existing licenses only under certain conditions. The first condition is that licencees have to broadcast digitally through T-DAP. Depending on the social acceptance of digital ether radio, it will be decided when FM and AM broadcasting will be ended. A second condition is that licencees have to pay a one-off amount that covers the extension of their license and the entry to the digital radio spectrum. In this research the value of the extension of the radio licenses under these conditions is determined.