Upcoming FCC 700Mhz auction could generate less money than expected; Chairman Martin says auction will proceed
By Will Park on Wednesday, January 16th, 2008 at 3:07 PM PST In Announcements, FCC, Services, Technologies
It’s hard times here in the US. With the financial downturn of the US credit industry, the upcoming FCC 700Mhz frequency spectrum auction could bring in significantly less greenage into US Treasury coffers than once projected. The FCC previously speculated that the auction could generate something like $12 billion, but current analysis has put that projection in doubt.
Regardless of market-troubles, FCC Chairman Kevin Martin has announced that the 700Mhz frequency spectrum auction is bound by law to continue. We’ll be seeing the auction commence on January 24, 2008.
[Via: RCRNews]
