Europe reaches 700 MHz agreement just as paint begins to dry

The European Commission (hereafter known as the Gaggle of Red-tapers) has stated it has come to an agreement with the European Parliament and European Council on how to best use the 700 MHz band.
Demand for wireless connectivity and mobile services has been rapidly increasing with the almost universal penetration of smartphones, however the strain on spectrum debate has been noticeable. The 700 MHz band has been in high demand, due to its long-range capabilities and ability to pierce obstacles,