Technologie i telekomunikacja · 3.02.1998
Minimum Opening Bids or Reserve Prices
By this Order, the Wireless Telecommunications Bureau of the FCC (``Bureau'') establishes minimum opening bid requirements for the auction of 986 Local Multipoint Distribution Service (LMDS) licenses set to begin February 18, 1998. The Balanced Budget Act of 1997 creates a presumption that the use of minimum opening bids or reserve prices is in the public interest in FCC auctions unless the Commission determines otherwise. Commenters have failed to persuade the Bureau that the use of minimum opening bids or reserve prices is contrary to the public interest in this instance. Accordingly, the Bureau adopts minimum opening bids, subject to reduction, and establishes a formula for calculating the minimum opening bids.