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FCC broadcast incentive auction falls short of target

Wednesday 31 August 2016 | 09:40 CET | News
The forward bidding section of the FCC's broadcast incentive auction has closed, generating bids in the final round of USD 23.1 billion from potential mobile operators, Multichannel reports. After 27 rounds, the conditions necessary to extend the bidding were not met, nor had the auction met the USD 88.3 billion target for covering the cost of payments to broadcasters surrendering the spectrum. This means the FCC must go back to broadcasters and seek a lower clearing target. The auction was planned for multiple rounds, but having to go back to a reverse auction and then a second stage forward

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Categories: Broadcast & Satellite / Mobile & Wireless
Countries: United States
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