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FCC Auction's Clearing Cost Drops To $10B

Law360, Washington (January 17, 2017, 4:33 PM EST) -- The Federal Communications Commission’s spectrum incentive auction is on track to bring in a fraction of its original goal of more than $80 billion, as the agency has set a target for its next round of the incentive auction at just over $10 billion, according to a Tuesday post on the FCC's website.

The latest clearing target for just 84 MHz of spectrum comes after months of bidding stages with successively smaller hurdles and amounts of spectrum on the auction block, which is meant to take...
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