FCC's Auction of Broadband PCS Licenses Raises Over $2 Billion
Auction Concludes Another Chapter in Resolving Bankruptcy Matters, Vital Spectrum Made Available for Additional Capacity and New Services
Washington, D.C. -/17 Feb, 2005 - The Wi-Fi Technology Forum/- The Federal Communications Commission's auction of broadband Personal Communications Services (PCS) licenses ended on Tuesday, February 15, 2005, raising gross revenues of $2,253,802,000 and, after applying bidding credits, total net revenue of $2,043,230,450. Pending the remaining steps in the application process, this auction marks the completion of an important chapter in putting these spectrum licenses to work for the American public.
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