Lord Carter will call the UK's main five mobile broadband providers together to discuss the future of the 900MHz and 1800MHz spectrums.
The 900MHz spectrum was originally handed to O2 and Vodafone in the 1980s, but could now be useful for 3G broadband coverage for rival providers' services.
Meanwhile, 3, Orange and T-Mobile, who would like a piece of the 900MHz pie, could be willing to offer parts of their 1800MHz spectrum in a deal brokered by the communications minister.
Head of the Broadband Stakeholder Group, Kip Meek, has been asked by the government to chair the talks.
According to ISPreview, such an agreement would make perfect sense.
The broadband news provider observed: "It's easy to see why this is such an important matter because basic 2G (voice) mobile phone services can already reach some of the remotest parts of our country.
"Changing this to allow for delivery of 3G services over the same band could conceivable bring faster and more affordable mobile broadband."