The FCC has announced the conclusion of its reverse auction for the repackaging of 600MHz spectrum. It’s currently in use for TV broadcasting, but will be converted for wireless internet uses.

The commission has gotten down to the cumulative minimum cash-out that broadcasters would accept in order for the auctions process to end and the amount may startle analysts and prospective bidders. The exact number? $86,422,558,704.

Analysts are expecting that bids in the forward auction will only total to about $30 billion.

If the $86 billion clearing target is not met by the end of the forward auction process, the FCC will restart its procedure by assessing how much spectrum will be available, given revised expectations.

The forward auction is expected to begin late in July or early August.

Source: FCC
Via: Phone Scoop

You May Also Like

Pocketnow Daily: Apple’s ENTIRE 2020 Line-Up to go ALL OUT on Specs?!(video)

On today’s Pocketnow Daily, we talk about the new 5G enabled iPad Pros from Apple, the new Sony Xperia 1.1, Android 11 teasers and more

Apple could be designing its own antennas for the iPhone 12

Apple could be working on creating its own 5G antennas for the upcoming iPhone 12 lineup and their future devices
OnePlus 7 render

Latest OxygenOS updates include optimized RAM management for OnePlus 7, 7 Pro and 7T Pro

The OnePlus 7, 7 Pro and 7T Pro are starting to receive some of the latest OxygenOS updates and security patches available right now