FCC Reverse Auction Drops Clearing Price to $54.6B
The FCC has wrapped up the initial phase of stage two of its incentive auction for 600 MHz airwaves, and drastically lowered the price for that spectrum. The initial clearing cost for all the 600 MHz spectrum was $86.4 billion, but bidders failed to come even close during the first round of bidding. Bidders offered up about $23 billion instead. The FCC was forced to go back to the spectrum license holders — in this case, broadcast television stations — and renegotiate a series of minimum prices for those licenses. The new clearing cost for stage two of the auction is $54.6 billion. Bidding will resume on Oct. 19. Most industry watchers assumed the reverse auction would need several rounds to reach completion. The 600 MHz airwaves are valuable due to their signal propagation characteristics. AT&T, T-Mobile, and Verizon Wireless are participating in the auction, but Sprint is not.
Samsung Makes Deepsea Blue Note8 Available to U.S. Consumers
Samsung today said it will sell the Deepsea Blue color variant of the Galaxy Note8 smartphone in the U.S. Since launch, the device has only be available to U.S.
T-Mobile Says 5G Network On Deck for 2020
T-Mobile today said it will deploy 5G across much of the country within a few years using its low-band 600 MHz spectrum. “We’re committed to drive a 5G rollout by 2020 across the nation,” said T-Mobile CTO Neville Ray during an investor conference.
ROK Mobile Offering 3 Months of Unlimited for $99
ROK Mobile has rolled out a new promotional rate plan that includes three months of unlimited service for $99. The offer is available to new customers only.
T-Mobile to Buy Layer3 TV and Launch TV Service Next Year
T-Mobile has set its sights on the cable TV industry and hopes to disrupt that market beginning next year. The company today announced plans to acquire Layer3 TV, which already delivers internet-based television service in five markets around the country.