FCC Offers Details on Forward Part of Incentive Auction
The FCC will provide the opportunity for a single practice auction and hold one mock auction before the forward part of the TV incentive auction, the Incentive Auction Task Force and Wireless Bureau said in a public notice in docket…
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12-268 Tuesday. More information will be released in a notice after the July 1 deadline for receipt of upfront payments, the PN said. “The practice and mock auctions will allow qualified bidders to become familiar with the Auction System and to ask Commission auction and technical support staff questions about the system and auction conduct,” it said. “The Task Force and Bureau strongly recommend that all qualified bidders participate in the practice and mock auctions for the forward auction.” The practice sessions will start no earlier than 15 business days after release of the qualified bidders PN, the FCC said. “To allow qualified bidders to experience the transition to the spectrum reserve split … we will set a hypothetical benchmark price and hypothetical clearing costs at a relatively low amount, which will ensure satisfaction of a hypothetical final stage rule within a few rounds of bidding,” the FCC said. “After the split has occurred, bidding will continue for at least one round to allow bidders to familiarize themselves with bidding after the split.”