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FCC Auction Tops $31B as FCC Looks to 2016

Nov 21, 2014, 12:41 PM by Eric M. Zeman

Licenses for AWS-3 spectrum being auctioned off by the FCC are drawing far more interest than the agency hoped. Bids surpassed a total of $31 billion today during the 24th round. The most popular license is a 10x10Mhz slice of J Block spectrum in New York City, which has a current high bid of $1.86 billion. The FCC set a $10.56 billion minimum for the auction, which has generated bidding three times higher than expected. Despite the incredible dollar figures attached to the bids, analysts suggest bids are coming in more slowly, which could signal an end to the auction. At the same time, the FCC said it will vote on the proposed rules for 2016's reverse auction at its next meeting, scheduled for Dec. 11. The reserve auction will see television broadcasters sell their 600MHz spectrum licenses to wireless broadband companies. The rules are fairly complex and have been open for discussion for a lengthy amount of time. The FCC delayed the auction from mid-2015 to early 2016 to give it more time to iron out all the details.

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Comments

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B-Sides

Nov 21, 2014, 2:13 PM

$31 Billion!!!

Wow that's a lot of money!!!

I'm sure that it will go to helping our wounded soldiers and veterans returning home. Maybe, just maybe, if they have any left they can put it to use by upgrading our schools??

Whatever they do I'm absolutely sure that the money will go to the right places instead of padding the pockets of elected officials!

(in case you didn't pick up on it I laid the sarcasm on pretty thick)

WhySoBluePandaBear

B-Sides said:
Wow that's a lot of money!!!

I'm sure that it will go to helping our wounded soldiers and veterans returning home. Maybe, just maybe, if they have any left they can put it to use by upgrading our schools??

Wha

...
(continues)

T Bone

the federal government can spend $31 billion in like 3 hours, it's NOTHING at all to the federal government.

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