There are evidently plenty of areas still open to bids in the FCC’s Auction 107. Indeed, news emerged on January 12th that AT&T is discussing a $14 billion bank loan to fund buying more 5G spectrum. Monday’s (January 11th) five sessions saw $118 million added, taking that gross total to $80.775 billion. The five sessions […]
The five C-band bidding sessions in the US on January 8th only managed to raise $147 million (€120.6m), although taking the cumulative gross total to $80.65 billion. There are just two more days of planned bidding (January 11th and 12th) when the process should wrap up. Whatever the result on January 12th, this auction has […]
Five US frequency auction bidding sessions on January 7th raised $1 billion. The gross total in the FCC’s repository now stands at $80.51 billion (€65.7bn). Some smaller telcos can expect discounts on their bids so the eventual total will be less than the gross amount raised. There remain five more sessions on January 8th, with […]
The demand for the FCC’s allocation of new spectrum in its current Auction 107 has been staggering. The bids and the auction have resulted in the highest-ever payments being made for spectrum. More than $80 billion has already been tabled in gross payments, and the process fully enabled by the satellite industry freeing up their […]
While the US Capitol was being invaded and surrounded by rioters, the FCC, situated some 10 blocks north of the chaos, quietly got on with a further 5 rounds of its Auction 107 for 3.7 MHz frequencies on January 6th. The extra amount raised remained fairly modest compared to previous days. An extra $3.34 billion […]
The FCC’s Auction 107 which is handling the sale of licences for the 3.7 GHz C-band has again broken records. The five bidding periods on January 4th saw an additional $6.67 billion placed in bids and taking the overall total to $76.5 billion in gross proceeds. There will be more. The auction continues throughout this […]
The FCC’s Action 107, which looks after the sale of frequencies covered by the release of the satellite sector’s C-band 3.7 GHz spectrum, continues to break all records. Two bidding rounds on December 23rd took the overall amount of cash on the table to a thumping $69.83 billion. The position added some $3.5 billion during […]
Intelsat’s most senior staff received good news on December 22nd when the company’s bankruptcy court approved the request for a series of Key Employee Incentive Payments (KEIP) for 2021. But the court made some major adjustments to the core requests. The total three tier KEIP plan is trimmed downwards to $6,720,038 for the lower ‘Threshold’ […]
The FCC‘s auction (Auction 107) of C-band spectrum has reached $66.4 billion (€73.1bn) in its latest round after two weeks of bidding. This easily exceeds the former record of $45 billion raised during the AWS-3 auction held in 2015. Some reports suggest that the enthusiasm for spectrum from bidders could see extra ‘incentive’ cash going […]
The US Senate has confirmed outgoing President Trump’s nomination of Nathan Simington to a seat on the Federal Communications Commission (FCC). Simington’s nomination followed Trump’s withdrawal of sitting member Michael O’Rielly’s candidacy shortly after the cancellation of his second confirmation hearing before Senate having reportedly expressed reservations about the President’s attempt to use his executive […]