The future broadcasting and telecommunications environment will require a wider frequency spectrum. The proper use of limited frequency resources will influence not only the development of related industries but also consumer surplus. This study is aimed at empirically analyzing the relationship between spectrum license fees and related service prices. The results of this study may be summarized as follows. First, the relationship between the spectrum license fee and pricing of telecommunications services is statistically significant: when the spectrum license fee increases by 1%, the price of telecommunication services may rise by 0.13 to 0.18%. Second, the number of service providers in the market may be a more important variable than market concentration, which reflects the way market competition affects the pricing of telecommunications services. Lastly, when looking at the development of the future telecommunications and broadcasting environment, and the trend of frequency utilization, the spectrum license fee might become an important issue, mainly as a means of achieving the policy goal of increasing the consumer surplus by lowering telecommunications service prices. Based on the results of this study, we might add the frequency management policy to the core of the market competition policy as a means of determining telecommunications service pricing. That is, the mixing of a wider range of policy-means will work toward inducing telecommunications service pricing.본 연구에서는 주파수할당대가, 해당 서비스가격 그리고 국민후생에 관한 실증적 연관관계를 탐색하기 위하여 실시하였다. 19개 OECD국가를 대상으로 분석한 결과를 보면 먼저 할당대가와 가격과의 관계는 통계적으로 유의하였으며, 할당대가의 1%증가는 서비스가격의 0.13-0.18%의 상승효과를 초래하였다. 둘째, 시장 구조적 측면에서 경쟁지수보다 사업자 수가 더 중요한 변수로 나타났다. 마지막으로 국민 후생적 관점에서 주파수할당대가는 서비스가격에 매우 큰 영향력이 존재하기 때문에 미래 중요한 정부정책수단으로 활용되어야 한다.