$88.4B Target Goal Fails To Lure Bidders In Spectrum Auction

Law360, Los Angeles (August 31, 2016, 5:46 PM EDT) -- The Federal Communications Commission is moving to a second stage of the spectrum incentive auction, and with a lower clearing target, after Tuesday’s bidding by wireless carriers fell far short of the first-stage target goal of $88.4 billion.

The first round of reverse auction bidding in the second stage of the auction will take place Sept. 13, the FCC said Wednesday. The incentive auction calls for TV broadcasters to voluntarily relinquish their spectrum licenses in a reverse auction in exchange for a share of the payments...
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