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Spectrum Auctions at the FCC: A Lesson for Utilities?

Fortnightly Magazine - October 15 1997

3) tighten rules on late payments, default payments and grace periods, 4) modify practice on refunding upfront payments between multiple rounds in multiple-round auctions, for those bidders who can no longer continue, or 5) allow investors to switch their support to second bidder and after the first bidder in which they have invested has withdrawn from the auction. (See, Competitive Bidding Procedures, WT Docket No. 97-82, Feb. 20, 1997, released Feb. 28, 1997, 62 Fed.Reg. 13570-01, March 21, 1997.)

1Rand McNally Commercial Atlas and Marketing Guide, 123rd Ed., 1992.

2Commission Opens Inquiry on Competitive Bidding Process for Report to Congress, FCC 97-232 Public Notice, July 2, 1997.

3The Washington Post, February 17, 1997. "Interactive TV Dream Fades for Licensee, Some Say FCC Hyped Unproven Technology."

4Id.

5"Cell Phone Licensees Seek Bailout," Washington Post, July 20, 1997.

6The Omnibus Consolidated Appropriations Act, 1997, P.L. 104-208, 110 Stat 3009 (1996) directed the Commission to reallocate the spectrum and commence auctions by April 15, 1997.

7See "Final Redefinition of the BEA Economic Areas," 60 Fed. Reg. 31,114 (Mar. 19, 1995).

8Washington Telecom Week, Vol. 6, No. 25, June 20, 1997.

9CQ Monitor, "Budget Negotiators Gear Up for a Crucial Week," Vol. 33, No. 117, p. 7, July 21, 1997.

10Radio Communications Report, "Wireless Stocks Start to Climb Charts," June 30, 1997.

11Inquiry on Competitive Bidding.

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