Former FCC Chairman Wheeler has a ‘huge smile’ for 600 MHz incentive auction results

Former Federal Communications Commission Chairman Tom Wheeler described the agency’s 600 MHz incentive auction as a successful event that should generate a “huge smile” for administrators.

“We were charged with creating a marketplace and that marketplace successfully performed to produce the second largest amount of spectrum ever auctioned; and to do so by reallocating spectrum to its highest and best usage as determined by the market,” Wheeler said. “When you think of the fact that no one in the world had ever tried this two-sided auction, and all the new and unique issues that had to be dealt with for the auction to take place, one can only have a huge smile.” Wheeler lauded Gary Epstein, the chairman of the FCC’s Incentive Auction Task Force and the regulator largely in charge of planning and executing the incentive auction, saying “I hope that when the auction closes, folks will begin to pay attention to the ground-breaking and back-breaking efforts of the Auction Task Force.” Wheeler’s comments are noteworthy as the FCC’s ongoing incentive auction winds down. Forward bidding in the event ended in February with bidders committing $19.63 billion for TV broadcasters’ airwaves, surpassing TV broadcasters’ asking price of $10 billion. Spectrum prices reached roughly $1.257 per MHz/pop, topping $1.25 per MHz/pop in the top 40 markets.