The FCC says it will cut the minimum bid on a chunk of spectrum that failed to attract enough interest in a previous auction, and held the condition that it must partner with public safety agencies. Reuters reports that the FCC will likely vote tomorrow on a plan to cut the D-Block spectrum minimum bid to $750 million compared to the previous $1.3 billion. Other requirements are also supposed to change.
Previously, investors were unwilling to meet the minimum because the public, private, commercial partnership may be too difficult to work, especially when it comes down to economics. FCC Chairman Kevin Martin proposed earlier this month to cut the cost and split up the geographic areas into 58 regions. Additionally, coverage requirements will be eased.
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