facebook
twitter
rss
account
search
search
 

FCC auction raises record and doubts

March 19, 2008 at 8:46 AM   |   Comments

WASHINGTON, March 19 (UPI) -- A Federal Communications Commission auction Tuesday raised a record in dollars but failed to sell critical public safety airwaves known as D Block.

The sold airwaves raised $19.6 billion, more than the sum raised from all previous radio airwave auctions, FCC Chairman Kevin J. Martin said.

Analysts reportedly wondered if the price of those airwaves was so high only large carriers, such as AT&T and Verizon Wireless could compete, thus limiting business competition.

Chairman of the U.S. House of Representatives Energy and Commerce Subcommittee on Telecommunication Edward J. Markey, D-Mass., said he was concerned that the airwaves set aside for a joint private and public safety venture failed to generate a minimum bid.

Markey called for a full review of the "public safety spectrum trust" questioning if the format for the D Block auction should be "retained or modified," The Washington Post reported.

Telecommunications industry lawyer Rick Joyce told the paper the minimum price for D Block was too high, given the estimated $5 billion to $7 billion it would take to complete it.

© 2008 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
Norways Kongsberg to demo missile for U.S. Navy Norways Kongsberg to demo missile for U.S. Navy
2
E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover
3
Pizza Hut hoping the "Skinny Slice" will mean big bucks
4
Tony Hayward: Kurdish oil sector open for business Tony Hayward: Kurdish oil sector open for business
5
Saab producing vehicle protection system for unidentified customer Saab producing vehicle protection system for unidentified customer
Trending News
Video
x
Feedback