Thursday, June 30, 2016

Reverse Auction Concludes, Clearing Price Tops $86 Billion

he first reverse auction of the FCC’s Broadcast Incentive Auction ended yesterday, with “the Bogey,” i.e., the clearing price, topping a steep $86.4 billion. The forward auction is expected to begin next month, giving carriers the opportunity to bid for the auctioned spectrum. The auction will only conclude if bidders offer an amount higher than “the Bogey.”
This clearing price is much higher than anticipated, and analysts are skeptical that it will be topped in the forward auction. If it is not, the FCC will decrease the amount of spectrum offered—from 126 MHz to 114 MHz—and will begin the process over again until bidders top the clearing price. Continue Reading

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