Thursday, January 19, 2017

Wheeler Declares Auction a Success as Bids Exceed $18B

Bidding in Wednesday’s two rounds of the FCC’s incentive auction satisfied the requirements of the so-called “Final Stage Rule,” meaning the auction will successfully end in Stage four, the Commission announced. Bidding is slated to continue today and beyond until there is no excess demand in any market.
Wireless participants raised their bids to a total of just over $18 billion ($18,208,164,087) and $1.2570 per POP, according to the FCC’s spectrum auction dashboard.

“Reaching the Final Stage Rule means the benefits of the auction are indisputable,” said outgoing FCC Chairman Tom Wheeler. “We will repurpose 70 MHz of high-value, completely clear low-band spectrum for mobile broadband on a nationwide basis. On top of that, 14 MHz of new unlicensed spectrum – the test bed for wireless innovation – will be available for consumer devices and new services.” Continue Reading

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