Log In   |  Register Free Newsletter Subscription
Skip navigation
Zibb
Subscribe to Broadcasting & Cable
Email
Print
Reprints/License
RSS

Spectrum Auction Update: Total Tops $15B

C Block Tops Floor Price, but D Block Still Well Short

By John Eggerton -- Broadcasting & Cable, 1/31/2008 12:49:00 PM MT

At press time, the Federal Communications Commission had completed round 21 of its 700-megahertz spectrum auction, with the total now reaching $15.6 billion.

auction gavel

Congress required the FCC to return at least $10 billion to the treasury (it met that mark earlier in the day) from the auction, which consists of five blocks of spectrum reclaimed from broadcasters in the switch to digital.

The bid for the C-block national license remained at $4.713 billion, having topped its floor price of $4.6 billion. There was no new bid on the D-block national license, which must be shared with first-responders as a public-private network. That bid stood at $472 million, with no bids since a single first-round bid and far short of the $1.3 billion minimum price set by the FCC.

Estimates for the auction had ranged from $10 billion to as much as $20 billion-plus. Bidding resumes Friday morning.

Email
Print
Reprints/License
RSS
Talkback
Reed Business Information Resource Center

Featured Company


Most Recent Resources

Advertisement
No content
free marketing module graphic
Advertisement
BC Subscribe
B&C NEWSLETTER
B&C Today
HD Update
Cable Technology
VOD Newsletter
Hispanic TV Update
TechTalk
HD Programming
Multicultural Newsletter
B&C NewsCentral
Television Careers



Please read our Privacy Policy

About Us   |   Advertising Info   |   Submissions   |   Site Map   |   Contact Us   |   Affiliate Links   |   RSS
© 2009 Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Use of this Web site is subject to its Terms of Use | Privacy Policy
Please visit these other Reed Business sites