Bandwidth nearly always matters. Consider India, which has mobile spectrum arguably below typical global allocations. Since spectrum means capacity, and capacity puts a boundary on internet access potential speed, India’s 4G speeds are slower than you might expect.
Prices for spectrum also have tended to be higher than is typical globally. In recent spectrum auctions, for example, Indian spectrum prices were nine times higher (on a per-MegaHertz basis) than U.S. prices.
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