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 Auction Tops $31B as FCC Looks to 2016
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.
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.