Frontline Drops Out of FCC Spectrum Auction, Dissolves Company
Frontline abruptly dropped its bid to participate in the FCC 700 MHz auction set to begin later this month. It a short statement, Frontline said the company was closed for business and it offered no further comment. Frontline was created for the purpose of bidding in the auction and it played a role in shaping some of the conditions of the auction. It could not raise the initial $128 million upfront payment required by the FCC to bid on spectrum, which is expected to cost at least $4.6 billion.
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.
FCC Names Final Set of Reverse Auction Bidders
The FCC today published a list of the 62 bidders who've made upfront payments and qualified to bid in the reverse auction for low-band TV spectrum. As expected, the list contains familiar names, such as AT&T, T-Mobile, U.S.
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.
Google to Sit Out Incentive Auction
Google will not participate in next month's spectrum auction, says the company. The deadline to file applications for the auction passed on February 10.
another one bites the dust, oh wait!