Waiver of Bid Withdrawal Payment Provisions

概要

On March 6, 1995, Georgia Independent PCS Corporation (Georgia) filed a request for waiver of the bid withdrawal payment provisions applicable to the broadband PCS C block auction. Under the Commission's rules, the amount of the bid withdrawal payment is equal to the difference between the withdrawn bid amount and the amount of the subsequent winning bid, if the subsequent winning bid is lower. No withdrawal payment is assessed if the subsequent winning bid exceeds the withdrawn bid. The Order reduces Georgia's bid withdrawal payment to the minimum bid increment for License B-076 (Chattanooga, TN) in Round 37 of the broadband Personal Communications Services (PCS) C block auction, or $569,898.