Yes, it's just a question of picking which part.
As a practical matter, if AT&T, to use Mr. Bibic's example, were to come in and snap everyone up, they would have 45 MHz of spectrum relative to the 400 that the oligopoly has. It's not a question of how much capital you have; it's how much spectrum you have, and they're not making any more of it.
It's a question of how that gets deployed by the government. That's the first observation I would make.