FCC's 2016 Reverse Auction Sees Opening Bids Set
Raise Prices, Lock Out Small Carriers
Way to go FCC!
What is being raised is the starting price offered as an incentive to the TV companies to agree to sell all or parts of their frequency allotments. The government will then keep dropping the offer price, causing fewer broadcasters to be willing to sell at that lower price, until only the amount of spectrum they want to have to auction off the wireless companies. At that point the government will commit to buy the spectrum and will start a traditional auction to r...
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I was not sure how it wall worked, and this in-depth post made it a bit more clear for me.
Thanks again!
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