Posts Tagged: "wireless spectrum"

FCC spectrum auction gets underway, seeks to clear 126 MHz for wireless mobile development

The incentive auction being conducted by the FCC is a two-part process. First, at the end of May, the agency began conducting a reverse auction which sought 126 MHz of relinquished broadcast spectrum rights. In this auction, the FCC offered payment to multiple sellers for relinquishing spectrum and reduced its offer incrementally. A selling price in such an auction is reached when enough prospective sellers drop out as the offered payment is dropped. The second phase of the spectrum auction is a forward auction offering new 600 MHz band flexible-use licenses to broadband providers.

The Impact of Mobile Technology on Emerging Economies

In order for mobile technology to provide the data and services that rural communities need, a wireless spectrum for commercial use must be put in place. Issues regarding wireless spectrum came up a few times throughout the first panel, both from questioner Brooks Boliek of Politico as well as from audience questions. Bold, a representative of Qualcomm, declined to speak about the American wireless spectrum auction administered by the U.S. Federal Commission, which began in the middle of November. However, he did state that countries taking a stand to free up more spectrum for commercial use were the ones showing the most economic gains from mobile technology. “Spectrum is the real estate that [the mobile tech] industry is built on,” Bold said. “The countries that make the tough decision to free up spectrum, those are the countries that get the investment… and the ones that, quite frankly, are doing better.”

Sprint Acquisition adds Large Wireless Spectrum Portfolio

Sprint Nextel (NYSE: S), the wireless powerhouse, has announced that they have entered into an agreement that will allow them to acquire the remaining shares of the wireless broadband provider Clearwire Corporation (NASDAQ: CLWR). Sprint already owns approximately 50% of the shares, and will buy out the rest for $2.97 a share, which equates to $2.2 billion paid to the remaining shareholders. This buyout will bring Clearwire’s total value to roughly $10 billion, which includes the $5.5 billion debt Clearwire currently has.