Business and Regulation on New Access Generation Networks - An Approach to the Spanish Case using Real Options (Spanish)

Telecommunications carriers are deploying the so called New Generation Access (NGA) networks. These networks consist in substituting the last part of the network (the one that ends in the premises of the client) with optical fiber. This part of the network used to be made of copper. The investments in NGA imply considerable risks but can also constitute an impulse for other sectors. This research proposes a method for the evaluation of these investments including the implied real options. We also consider the regulatory implications of the obligations of renting the network to competitors