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To: Jon Koplik who wrote (27226)4/15/1999 9:51:00 PM
From: Jon Koplik  Read Replies (3) | Respond to of 152472
 
To all - FCC auctions more wireless spectrum (if already posted -- sorry, I am still hopelessly behind in reading all of the posts).

April 15, 1999

FCC Sells Communications Licenses

Filed at 7:24 p.m. EDT

By The Associated Press

WASHINGTON (AP) -- A government auction of licenses to deliver mobile
phone, fax and other communications services ended Thursday, generating
nearly $413 million from 57 companies for 302 licenses.

The Federal Communications Commission's auction began March 23 and
closed after 78 rounds. A total of 347 licenses were on the block.

Cook Inlet/Voice Stream PCS was the biggest winner, in terms of the total
amount of money bid, pledging $192.3 million for 28 licenses. A subsidiary
of Omnipoint Corp. was second with $45 million for 34 licenses, and Viper
Wireless Inc. ranked third with $32.2 million for six licenses, the FCC said.

It's the second time the FCC has auctioned the licenses. They were either
unsold the first time around or returned to the commission by cash-strapped
companies that couldn't pay for them.

Three years ago winners in an airwaves auction reserved for small businesses
pledged $10.2 billion for licenses for the next generation of wireless
communications, known as personal communications services, or PCS. After
the auction, some of the winners said they couldn't pay for the new wireless
licenses, some asked the FCC for relief and some filed for bankruptcy
protection.

Copyright 1999 The New York Times Company