What is an FCC reverse auction?
What is an FCC reverse auction?
The broadcast incentive auction itself will comprise two separate but interdependent auctions — a reverse auction, which will determine the price at which broadcasters will voluntarily relinquish their spectrum usage rights; and a forward auction, which will determine the price companies are willing to pay for …
What is an FCC spectrum auction?
A spectrum auction is a process whereby a government uses an auction system to sell the rights to transmit signals over specific bands of the electromagnetic spectrum and to assign scarce spectrum resources.
What is the FCC RDOF?
The Federal Communications Commission (FCC) established the Rural Digital Opportunity Fund (RDOF) to award up to $20.4 billion for support of broadband infrastructure deployment and network operations over a 10-year period. The FCC is using a reverse auction process for two phases of funding.
How do FCC auctions work?
The structure of an FCC spectrum auction is called a simultaneous multi-round (SMR) auction. This means that all of the available licenses are auctioned simultaneously. The bidding on these licenses is broken into rounds of set, predetermined length. The auction only stops when there is a round with no new bids.
Who gets the money from spectrum auctions?
Dating back to the PCS auction in the mid-1990s, more than $200 billion has been raised in a series of spectrum auctions. Where does this money go? The bulk of these auction proceeds have gone straight into the miasma of the U.S. Department of the Treasury.
Who won 5G bid?
After 11 rounds of bidding that lasted eight hours, Mafab Communications Ltd and MTN Nigeria Plc, have emerged the two successful winners of the 3.5 gigahertz (GHz) spectrum auction for the deployment of Fifth Generation (5G) technology to support the delivery of ubiquitous broadband services in Nigeria.
Is Verizon buying Charter spectrum?
Verizon Wireless said Friday it had agreed to purchase spectrum licenses for $3.6 billion from a group of companies that included Comcast and Time Warner Cable, part of a push to meet growing consumer demand for wireless services. Verizon is buying the licenses from the jointly owned SpectrumCo.
What is an RDOF location?
Rural Digital Opportunity Fund (RDOF) The RDOF is the latest iteration of the FCC’s universal service fund (USF) program, providing $20.4B to ensure that telecommunications services for rural areas are comparable to those enjoyed in urban and suburban areas.
What is a reverse auction procedure?
A reverse auction is similar to a unique bid auction as the basic principle remains the same; however, a unique bid auction follows the traditional auction format more closely as each bid is kept confidential and one clear winner is defined after the auction finishes. The most common application of reverse auctions is for e-procurement, a strategy used by purchasing as part of strategic sourcing and other supply management activities.
How are FCC auctions conducted?
FCC auctions are conducted electronically and are accessible over the Internet. Thus, qualified bidders can place bids from the comfort of their home or office. Further, anyone with access to a computer with a web browser can follow the progress of an auction and view the results of each round.
What is the FCC broadcast incentive auction?
The FCC’s proposed incentive auction of broadcast television spectrum will allow broadcasters to bid to voluntarily relinquish their spectrum rights in exchange for a share of the proceeds from an auction of the re-purposed spectrum to parties who will bid on licenses for flexible use.
