Wary of repeating its mistakes, the FCC has eliminated installment payments. So instead of using both revenue and assets to determine who gets the discounts, the FCC now uses the bidding company's revenue only. The result, critics say, is that the venture capitalists themselves now are bypassing entrepreneurs entirely and bidding on licenses directly. FCC officials say they did all they could to encourage participation by entrepreneurs who want to start a new business but lack cash. Estimates for the auctions are all over the map.
Bidders make upfront payments to establish eligibility for a certain number of markets.
Qualified bidders can receive discounts of 25 percent to 45 percent off the price they bid for the licenses they win. Your name Your email address Check this box if you'd like to receive occasional Economic Justice Updates via email. No more than one every three weeks on average.