Leap Wireless said it filed short-form application with FCC to pa...
Leap Wireless said it filed short-form application with FCC to participate in upper and lower 700 MHz auctions, but hadn’t decided whether it would make upfront payment to take part in bidding. Leap said its Form 175, which tells…
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FCC on which licenses companies plan to bid and provides financial information, “preserve[d] its option” to participate in those auctions. “However, the company has not decided whether to place a deposit for, or to participate in, these auctions,” it said. “Failure to file the required Form 175 may have irrevocably eliminated Leap’s opportunity to participate in the auction, whenever it is held.” Leap acknowledged Tues. that it was “probable” that either FCC or Congress could delay auctions, now set for June 19. It said that if it participated, it would do so only with “defined funding plan” that wouldn’t materially change financing for its current 40- market plan or hamper its ability to meet debt obligations. Next major 700 MHz auction deadline for prospective bidders is May 28, when upfront payments are due at FCC. Short-form applications were due May 8. Commission usually takes 5 to 10 days to issue public notice announcing which applications have been accepted for filing.