Curtain Closes on Stage 1 of Incentive Auction; Stage 2 of Reverse Auction to Open September 13

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After 27 rounds and $23.1 billion in gross bids, Stage 1 of the forward portion of the Federal Communications Commission’s (FCC or Commission) incentive auction ended yesterday. Stage 1 failed to reach the $88.4 billion necessary to bring forward auction clock phase bidding to a close.

Today, the Commission announced that Stage 2 of the Reverse Auction will begin on Tuesday, September 13, 2016. Stage 2 of the Forward Auction will begin on the next business day after the close of the reverse auction. The next clearing target will be 114 MHz, which should yield 9 5×5 MHz blocks in most markets.

The Commission also encouraged bidders to regularly monitor the Incentive Auction Public Reporting System (PRS) for announcements and other important information related to bidding. The PRS can be accessed at auctiondata.fcc.gov.

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