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. The FCC expects to begin the forward portion of the auction soon, which will see wireless companies bid on the spectrum blocks. Carriers AT&T, T-Mobile, and Verizon Wireless are participating, but Sprint is sitting out. The auction drew lots of interest from individual bidders, too. It's not clear how much the FCC expects to make from auctioning off the airwaves moving forward, but bidders will need to meet or exceed the $86.4 billion at a minimum. The airwaves are vital low-band spectrum to be used for mobile broadband. "Today, bidding concluded in the reverse auction, establishing the cost for clearing 126 MHz in the TV band for wireless use," said the FCC's Gary Epstein in a prepared statement. "Strong participation from broadcast stations made this initial clearing target possible. Now the action shifts to the forward auction, which will give wireless bidders the opportunity to compete for this beachfront spectrum to meet America's growing mobile data needs."
Mar 17, 2020
At the request of the FCC Chairman, essentially all US internet and telephone providers have pledged to waive all late fees, and not disconnect any service due to inability to pay bills, for the next 60 days. This includes Verizon, AT&T, T-Mobile, Sprint, US Cellular, and Comcast.
Feb 28, 2020
The FCC has announced proposed fines totaling over $200 million against the nation's top four wireless carriers for selling customers' location data to third parties for years with little regard for customers' privacy or consent. T-Mobile is being fined $91 million, AT&T: $57 million, Verizon: $48 million, and Sprint; $12 million.
Mar 18, 2020
When Samsung announced the Galaxy S10 Lite at the start of the year, there were no indications it would come to the US. But the FCC has just approved a variant of the S10 Lite that appears to be designed specifically for the US market.
Feb 26, 2020
LG today announced the V60 ThinQ 5G with LG Dual Screen. Its specs are flagship-level, but not quite as top-end as past V-series phones.
Mar 17, 2020
T-Mobile is closing 80% of its stores until at least March 31st, including all indoor mall locations, to help slow the spread of the COVID-19 virus. Sprint will close 71% of its stores, including all indoor mall locations.