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FCC spectrum auction finally closes at $19.6B

  • The second major "forward" phase of the FCC's broadcast incentive spectrum auction has come to a close.
  • After months of action, bids from spectrum hunters reached over $19.63B for 70 MHz of spectrum sold by broadcasters in an earlier, reverse auction phase.
  • Now follows a smaller assignment phase that could bring some extra funds as bidders aim for more specific frequencies in markets. But with the auction largely complete, the Treasury will get about $7B for deficit reduction.
  • And the ending of the assignment phase (in two to three weeks) should reveal complete bid winners from the auction. Broadcasters from the reverse auction are free to talk about the winnings publicly, while forward participants must remain silent for now.
  • Spectrum players: VZ, T, TMUS, S, DISH, SBGI, EVC, CMCSA, CHTR, NXST, CBS, MEG

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