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  • US incentive auction enters final stage

US incentive auction enters final stage

The US Federal Communications Commission (FCC) has said its incentive auction to repurpose broadcast spectrum for mobile operators is entering its closing stages, with minimum bid requirements met, notes Mobile World Live. The “final stage rule” that was met means the FCC achieved its reserve price for the cleared 70 MHz spectrum and will also make enough money to cover expenses. Successful bidders have yet to be identified and specific blocks have not yet been allocated. The FCC said bidding will continue until there is “no excess demand in any market”. After the auction closes, winning bidders will be invited to put in requests for specific blocks. “The sale means broadcasters will receive $10.05 billion, with an unspecified amount – defined as being in the billions – going towards deficit reduction at the US Treasury… The final figure is yet to be officially announced, but the figures released suggest it will be a long way short of the numbers originally floated.” Read more

  • Tuesday, 24 January 2017

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