IP Democracy: FCC Puts Wireless Auction on Fast-Track


spectrumissues.jpgReuters’ Jeremy Pelofsky has this item about how the FCC is speeding up its auction of Advanced Wireless Spectrum. The Commission has added two rounds of bidding per day in the auction, which has raised $13.6 billion in the past 15 days, and has cut the time of each round in half to 30 minutes.

The goal is to get the heated bidding over with as soon as possible because the auction doesn’t end until all activity ends. After 58 rounds, here’s where the bidding stands:

  • T-Mobile USA, provisionally had the highest bids for 118 licenses with offers of almost $4.2 billion.

  • Verizon Wireless is number two, provisionally winning bids of $2.8 billion for four licenses.

  • SpectrumCo, the cable (Comcast, Time Warner, Cox, Advanced Newhouse) group that has joined hands with Sprint-Nextel, is number three with $2.3 billion in bids for 133 licenses.


    • Posted by Cynthia Brumfield on August 30, 2006 8:52 AM to IP Democracy