- FCC chairman Tom Wheeler discloses a much-anticipated auction of broadcast TV spectrum to mobile carriers won't take place until mid-2015. Under prior chairman Julius Genachowski, the commission had set a June 2014 target date for auctioning the airwaves, which reside in the rural-friendly 600MHz. band.
- Sprint (S) and T-Mobile (TMUS), who badly need more low-frequency spectrum to expand their rural coverage, have been hoping the auction would happen sooner rather than later. Verizon (VZ) and AT&T (T), who own ~75% of all sub-1GHz. U.S. mobile spectrum, currently offer better rural coverage in many regions.
- Earlier this week, Wheeler hinted the FCC's auction rules will favor the likes of Sprint and T-Mobile, who have been calling for restrictions to be placed on how much spectrum Verizon and AT&T can purchase.
FCC delays major spectrum auction until mid-2015
From other sites
at CNBC.com (May 12, 2015)
Video at CNBC.com (May 5, 2015)
at CNBC.com (Apr 9, 2015)
Video at CNBC.com (Apr 9, 2015)
at CNBC.com (Jan 5, 2015)
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