Sanford Bernstein analyst Craig Moffett questioned whether simultaneous reverse...
Sanford Bernstein analyst Craig Moffett questioned whether simultaneous reverse and forward auctions make sense for the upcoming incentive auction of broadcast spectrum (CD Sept 17 p1). “Suffice it to say there are more questions than answers at this point,” Moffett…
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told us via email. “We've never really seen an auction like this, so a lot will have to be invented out of whole cloth. It’s never going to work if there are current processes for supply and demand. Bidders won’t know what the licenses are worth until they know whether they can cobble together regionally or nationally contiguous blocks."