Wireless Bids For Broadcast Spectrum Again Fall Short
Law360, New York (December 6, 2016, 7:09 PM EST) -- Bids to convert 108 MHz of spectrum from broadcast to mobile broadband use failed to meet a $42 billion clearing target by a wide margin, triggering a soon-to-be-announced fourth stage of bidding under lowered targets, the FCC announced Monday.
The third stage of the forward auction to reallocate low-band broadcast spectrum licenses in the 300 MHz to 3 GHz UHF broadcast range to wireless providers generated $19.7 billion in combined bids, falling short of the $42.3 billion target set after two previous stages, in which offers failed to match targets necessary to complete the transfer. The FCC plans to issue a...
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