NAB: Wireless Carriers Caused Forward Auction Flop
By Adam R Jacobson
RBR + TVBR
With Stage 1 of the FCC’s Forward Auction falling nearly $66 billion short of its clearing target, a new, lower target has been set for Stage 2 of the Reverse Auction.
That’s surprising to the NAB, which says wireless carriers should have been more active in the Forward Auction — even as a single chunk of spectrum in New York saw bidding of $477.25 million and a never-accomplished next-round clock price of a staggering $524.98 million.