Last updated: February 21, 2008 - 11:49am
SPECTRUM AUCTION UPDATE: FCC HITS $10B MARK
[SOURCE: Broadcasting&Cable, AUTHOR: John Eggerton]
After 14 rounds in the Federal Communications Commission's 700-megahertz spectrum auction, total bidding stands at $10.1 billion, including a $4.29 billion bid for the C block of 50-state licenses. The floor price for that block is $4.6 billion. The C block of 50-state spectrum licenses especially packaged for a national network now looks certain to meet the floor price, which means that it won't have to re-auctioned and open-access conditions that were placed on the block won't be removed. But another block of licenses for a national network continued to draw no new bids for the 11th round in a row. The so-called D block bid still stood at $472 million, far short of its $1.3 billion floor price. The commission continued to hold at a minimum bid of $519 million for the next round. If any of the five blocks of spectrum do not meet their floor bids, they will be re-auctioned.
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