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urgentcomm » SMT

700 MHz auction concludes with just one D Block bid

Published Tuesday, March 18, 2008

Bidding in the FCC’s 700 MHz auction concluded today after 260 rounds, with high bids for 1091 licenses totaling $19.592 billion but only one below-reserve price bid for the D Block tied to a shared-network proposal for a nationwide wireless broadband network for public safety. In the auction, the FCC generated much more than the $12 billion Congress had budgeted for the auction, so the process was a financial success for the U.S. Treasury—a significant feat, given the tight capital markets and concerns about the FCC’s reserve prices for the various blocks when the auction began. However, the ...

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