Spectrum auctions set for June 29th
Anonymous bidding is to be allowed in the forthcoming FCC spectrum auctions in an attempt to prevent collusion between bidders.
The FCC auction starts on June 29th and winning bidders will be able to use the spectrum to offer advanced wireless services such as video and high-speed Internet access. The auction will include 1122 licenses in the 1710-1755MHz and 2110-2155MHz bands. The government expects to raise $8-$10 billion and has set a reserve price of $2 billion which is the estimated cost of relocating federal government entities currently operating in the 1710-1755MHz band.
Major mobile operators are expected to bid for the new allocations.
Source: Beyond the Headlines
Item added: 18th April 2006