Second Round of FCC Incentive Auction Fizzles Out
The second round of the FCC's reverse auction ended suddenly in just a few hours due to lack of demand. Earlier this month the FCC lowered the targeted clearing cost of the spectrum licenses to $54.6 billion. Today's bids reached about $20.5 billion, falling far short and leaving the round nowhere else to go. The FCC will now have to go back to television broadcasters and renegotiate prices for their licenses before kicking off round three. The FCC said bidding may stretch into 2017 before the auction ends. The original clearing price was an astronomical $86 billion. Television stations have agreed to give up their valuable 600 MHz spectrum licenses and sell them to wireless carriers. So far, carriers haven't been biting very hard.
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.
Incentive Auction Fails to Attract Big Spenders
The FCC's 600MHz incentive auction is proceeding slowly and may need to be reset. After 27 rounds of bidding, the total amount bid has reached only $23 billion, far short of the $88.4 billion clearing cost set during the reverse part of the auction earlier this year.
FCC Incentive Auction Racks Up $86B In Clearing Costs
The FCC today said that the reverse portion of its incentive auction is now complete. Bidding for 600 MHz television airwaves is over, and the cost to clear the 126 MHz spectrum target exceeded $86.4 billion.
FCC Sets 126 MHz Clearing Target for Reverse Auction
The FCC today announced it has set an initial spectrum clearing target of 126 MHz during the reverse part of the auction for 600 MHz airwaves. Television broadcasters have agreed to part with this spectrum.