What do you understand with Spectrum Trading? Discuss in the light of recently released Spectrum Trading Guidelines 2015.

Hint:
Spectrum trading refers to transfer of rights to use the spectrum (frequency management). Spectrum Trading Guidelines 2015 features:

• Ownership rights remain with government and government will give ‘right of use’ to operators through auctions
• Telecom operators can trade among themselves and will be free to decide the price at which they want to trade spectrum only after two years from the date of its acquisition
• Spectrum trading will be based on pan-licensed service area basis or telecom circle basis.

Seller shall clear all his dues prior to entering into any agreement and transfer fee of one percent of the transactional amount will be levied on the buyer which will be non-refundable.