The document discusses whether auctions should always be considered the right approach for spectrum allocation in Latin America given changes in the mobile industry. It argues that auctions worked well historically but mobile markets have now reached maturity, characterized by consolidation rather than new entry. Given existing spectrum holdings, new entrants through auctions will struggle to compete. It suggests auctions in mature markets should focus on competition over revenue generation and examines alternative approaches like facilitating industry consolidation or regulating access prices.