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| A smart take on the day's business headlines with insightful commentary and a sense of humor. ... |
Wednesday, May 14, 2008 --- 84 days ago http://www.portfolio.com/views/blogs/daily-brief/2008/05/14/putting-the-d-block-
| Trying again after an auction of a wide swath of radio frequencies failed, the Federal Communications Commission has approved a new framework for the sale of the so-called D block.
The March auction of the D block -- frequencies that the buyer would share with public-safety agencies -- failed to meet its $1.3 billion reserve price, marring an otherwise successful 700 Mhz wireless auction . Verizon was the big winner in the auction, which raised nearly $20 billion for the federal government, winning a bundle of coveted C block licenses, allowing it to build a new nationwide wireless network.
The D block auction was intended to address the federal government's apparent inability, or unwillingness, to fund a nationwide, fully interoperable emergency wireless network. The auction would create a shared public-private network that first responders could use in the event of an emergency.
"Because the D Block did not meet its $1.3 billion reserve price in the 700 MHz Auction, the F.C.C. intends to re-auction this spectrum under revised rules," the commission said in a statement .
F.C.C. commissioner Michael Copps acknowledged that the commission faces a tough challenge in re-auctioning the D block, particularly amid an economic downturn.
"What we are trying to do here is conduct the most difficult F.C.C. auction ever in an extraordinarily difficult economic environment," Copps said in a statement. However, he said, "a ... |
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