FCC Forward Auction Reaches $11.5 Billion
The forward auction, designed to allow the conversion of broadcast television spectrum into wireless broadband networks, is being watched hourly by brokers including Elliot Evers, managing director of San Francisco-based MVP Capital (formerly Media Venture Partners).
But, Evers says the forward auction is still in its early days, and with a “long, long way to go” it’s unwise to read too much into what’s happening right now.
RBR + TVBR Observation (with full text below, for subscribers): There are few things more complex than an FCC Forward Auction, but RBR + TVBR knows this—more spectrum in Los Angeles is certainly needed. Did the FCC expect demand in big cities to drive the forward auction? We won’t speculate, taking the advice of Elliot Evers.