That does mean freeing up particular frequencies for 3G and 4G use, but it also means WiFi offloading and effectively managing data consumptiononthe device side.
His price prediction was wrong, but not because of an error onthe production side, but because of plunging world consumption brought on by the great recession.
Such prices reflect scarcity onthe supply side during periods of peak demand, and are meant to bring about a reduction in consumption while stimulating more investment in generation.