The 600MHz auction is headed back to a reverse auction phase after the forward auction for TV broadcasters’ spectrum attracted weak bidding activity and, thus, could not amount to more than the $56.5 billion goal that the Federal Communications Commission set.The goal was determined by a reverse auction stage where broadcast licensees cleared through how much money they were willing to accept for their position on the dial. An initial round of reverse bidding made some 110MHz of spectrum available ...
The post 600MHz auction resets as forward process ends with lack of demand appeared first on Pocketnow.
from Pocketnow http://pocketnow.com/2016/10/24/600mhz-auction-resets
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