FCC Delays 700 MHz Auction
The FCC said today that it is pushing the license auctions back by just over a week to January 24, 2008. The regulatory body is keeping the 'open access' rules applying to the C Block of spectrum that Verizon Wireless , Google (Nasdaq: GOOG), and Frontline Wireless, LLC are currently squabbling over. (See Verizon: A Narrowband Horizon? and Outlook Mixed for WiMax at 700 MHz.)
The FCC kept the money restrictions on the auctions the same, asking for a minimum bid of $4.6 billion on the C Block and a $10 billion cap on the auctions.
The entire future of broadband wireless in the U.S. looks more fluid than it has in a while after the events of the last week. AT&T Inc. (NYSE: T)'s buyout of 700 MHz spectrum and the ouster of Sprint Corp. (NYSE: S)'s CEO has thrown everything wide open. (See Sprint Nextel CEO Steps Down and AT&T Bags 700 MHz for $2.5B.)
— Dan Jones, Site Editor, Unstrung