FCC Removes Bidding Blindfold
Jul 28, 2006, 3:22 PM by (staff)
The FCC today announced that the bidders for the AWS spectrum due to start August 9 have been finalized. 168 Bidders have qualified, more than two-thirds of which have qualified for modified discounts. Because the ratio of those eligible for discounts to those ineligible is 3:1, the FCC has suspended the modified blind bidding rules it had intended to impose on this auction. Bidders will be able to see the names and bids for each round. New designated entity rules will remain in place, and any company reselling or leasing over 50% of the spectrum won in this auction will be ineligible for discounts.
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