Method and system for allocating frequency ranges to plurality of networks

A method and a system for allocating frequency ranges to a plurality of networks. The method includes defining a geographical area. Moreover, the plurality of networks operate in the defined geographical area. The method further includes identifying first frequency parameters associated with each of the plurality of networks in the defined geographical area; determining second frequency parameters for at least one of the plurality of networks based on an event; and allocating the second frequency parameters to the at least one of the plurality of networks for a predetermined period of time.