The Incentive Auction Task Force says that it anticipates launching the next stage (stage 4) of the forward portion of the incentive auction, which is wireless companies and others bidding on spectrum freed up by broadcasters.
Stage 4 of the reverse auction ends Jan. 13, so the FCC is wasting no time proceeding—Monday, Jan. 16, is a federal holiday, so essentially that will mean the forward auction will restart the on the second business day following the reverse auction close.
So far, broadcasters and wireless companies have been far apart in price, with forward auction bidders failing to move off their stage 1 price of a little over $20 billion even as broadcasters continued to drop their price from an initial $86 billion to the stage 3 price of $40.3 billion.
The smarter way to stay on top of broadcasting and cable industry. Sign up below.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.