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U.S. FCC's Incentive Auction Witnesses Stepped-Up Bidding

Last Friday, the U.S. telecom regulator, the Federal Communications Commission (FCC) declared that its ongoing 600 MHz low-band wireless spectrum auction, popularly known as -- Incentive Auction -- has received as many as 62 applications. All 62 bidders have made upfront payments. The Incentive Auction, which was kicked off by the FCC on Mar 29, 2016, recently completed its first part.

In the first part, which was essentially a reverse auction, the airwaves were freed by TV broadcasters who no longer had any productive use of the same. The TV broadcasters had agreed to free a substantial amount of 126 MHz of spectrums for a massive $86.4 billion.

In the second part of the auction process, the FCC will resale these airwaves to wireless operators, cable MSOs (multi-service operators) or tech firms through competitive bidding. The second part is known as...