The FCC’s Advisory Committee on Diversity for Communications in t...
The FCC’s Advisory Committee on Diversity for Communications in the Digital Age approved a resolution supporting a designated entity set-aside in upcoming Auction 58. The set-aside is controversial, with wireless carriers mounting a campaign to open up auction rules.…
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“The often times capital-intensive nature of communications businesses and the difficulties experienced by entrepreneurial companies in accessing capital make it virtually impossible for entrepreneurial companies to secure valuable spectrum licenses when bidding against well-capitalized incumbents,” the committee said. “Entrepreneurial companies will be successful in raising the capital needed to acquire and build out valuable spectrum licenses only if the capital markets perceive that the FCC’s Designated Entity eligibility rules will remain stable and certain.”