Latest FCC Spectrum Auction Clearing Cost Drops To $54.6B

Law360, Washington (October 13, 2016, 6:47 PM EDT) -- The broadcaster side of the second stage of the Federal Communications Commission’s incentive auction wrapped Thursday with a $54.6 billion cost to clear a targeted 114 MHz of spectrum, a $30 billion drop from the first stage but still well above the figure wireless providers were willing to bid on the FCC's initial target.

The auction is meant to reallocate portions of low-band spectrum held by TV broadcasters — valuable for its ability to travel long distances and penetrate buildings — for use in wireless broadband....
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