The FCC’s spectrum incentive auction will go into a third stage. That’s because the second stage closed after one round yesterday, more than $35 billion short of the $56.5 billion goal. The total bid was $21,519,907,210, according to the Commission.
The results play into what was
expected to be “tepid carrier interest,” according to Bloomberg analysts
John Butler and Matthew Kanterman. They predicted earlier the total bid
for airwaves would only reach around $28.2 billion, reports Bloomberg BNA.
AT&T has committed to spending
$9.4 billion, and the pair estimate Comcast and Verizon will spend half
that, with T-Mobile likely bidding about $5.5 billion. Continue Reading