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FCC's 2016 Reverse Auction Sees Opening Bids Set

Article Comments  3  

Feb 6, 2015, 1:51 PM   by Eric M. Zeman   @zeman_e

The FCC has set opening bids for the 600MHz reverse spectrum auction, scheduled for the middle of 2016. The auction will see television stations give up their spectrum licenses, which will then be sold to wireless companies. The government is prepared to go on the road to sell the idea to television broadcasters. Participating is not mandatory. The opening bids set today are much higher than previously anticipated. For example, the average bid for such spectrum in New York City has risen from $410 million to $660 million. Los Angeles saw opening bid prices jump from $340 million to $560 million, Philadelphia's prices jumped from $230 million to $490 million, and Chicago's bid prices climbed from $120 million to $520 million. Opening bids for spectrum in smaller markets saw much more significant jumps in terms of overall percentages. The FCC recently concluded an auction for spectrum that brought in nearly four times the reserve price.

Wall Street Journal »

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rwalford79

Feb 6, 2015, 2:16 PM

Raise Prices, Lock Out Small Carriers

Okay, so there are not many smaller carriers, but raising the prices on the spectrum, locks out, or severely limits smaller companies that need spectrum, or is hoping to get a discount on them.

Way to go FCC!
Not exactly, this isn't the purchase price for the wireless companies. That will be determined by auction and as usual the big carrier will bid the price up which will shut out the small carriers from being able to purchase spectrum (especially this ...
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