C Block Hits $4.6 Billion Reserve, Triggers Open Access
Today the C Block of 700 MHz spectrum being auctioned off by the FCC surpassed the reserve price of $4.6 billion. That block of spectrum, which includes two 11 MHz pairs covering large swathes of the U.S., received a bid of $4.7 billion from one of the undisclosed bidders this morning. The C Block reached $4.3 billion early during yesterday's bidding, but failed to get any bids later in the day. Now that the reserve price has been reached, whichever company ends up winning that spectrum will be required to provide open network access to any device that is compatible with the network. The next bid for the C Block must be at least $5.3 billion. Google had expressed interest in the C Block and pushed the FCC to add the open access measure. It said it would bid the necessary $4.6 billion. Who is competing with Google for that spectrum remains secret, but Verizon Wireless in the most likely candidate. Total bids for all of the blocks has reached $12.8 billion, well above the government's goal of at least $10 billion.
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.
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 Keeps Auction Reserve at 30 MHz
The FCC today finalized its proposed rules for next year's 600 MHz spectrum auction and kept the reserve for smaller carriers at 30 MHz. T-Mobile and others petitioned the FCC to raise the reserve to 40 MHz, but FCC Chairman Tom Wheeler believes the 30 MHz cap offers plenty of opportunity for those who may bid.
C Spire Looking to Nab 700MHz Spectrum
C Spire Wireless is hoping to buy some Lower 700 MHz C Block spectrum from Waller Wireless. The companies recently filed the request with the FCC.
What should Google do?
Dont worry about Verizon winning
Google can wipe the floor with Verizon in this process if they want to.
I still feel that GOOGLE has a bett...
4Q 2007 HIGHLIGHTS
37 cents in EPS and 62 cents in adjusted EPS (non-GAAP), compared with 4Q 2006 EPS of 48 cents and 52 cents, respectively, from ...
Hope verizon losses
Hey BROWN, do you actually have a clue about the wireless industry or are you a serial hater? My guess would b...
Can someone please explain...
In FM radio, for example, only one station in an...
You guys are crazy!
The only reason GOOGLE bid at least min. price was to get the open access rules instantiated. Google does not want the spectrum, its not in their business model. They want whoever wins the spectrum to have any appli