On November 12, members of the Federal Communications Bar Association (FCBA) gathered in Washington, DC, to commemorate 25 years of spectrum auctions at the Federal Communications Commission (FCC). Hosted at Hogan Lovells LLP, the event featured current and former FCC staff members and industry lawyers, who discussed the history and future of spectrum auctions. The
After four days and fifteen rounds of bidding, bidding for paired spectrum in the AWS-3 spectrum auction (Auction 97) remained very strong today. Total revenue accelerated past its $10+ billion reserve price this morning and closed the day in excess of $16 billion. The current revenue level ensures that Auction 97 will fully cover the
When last year’s “supercommittee” failed to reach consensus on a plan to reduce the deficit, it set in motion $1.2 trillion in defense and non-defense spending cuts for 2013. If Congress does not act to prevent this “sequestration” by January 2, 2013, the budget axe will fall across virtually every element of the US government.