Verizon, AT&T, T-Mobile and other telecom operators have a new target with stage three of the FCC's 600 MHz incentive auction set for its forward round.
Telecommunication operators are set for their third chance to acquire access to 600 MHz spectrum licenses, though they will need to come up with more than $40 billion in combined bids to close the Federal Communications Commission's latest incentive auction round.
The government agency wrapped up the third stage of the 600 MHz incentive auction reverse auction process, with television broadcasters setting a $40.3 billion target price for 108 megahertz of total spectrum that the FCC plans to repackage into 80 megahertz of licensed spectrum on offer to interested parties. The third stage forward auction process is expected to begin Dec. 5.