FCC Says It Will Provide Recurring Updates on Forward Incentive Auction
FCC Incentive Auction Task Force leaders issued an update Wednesday on the forward auction set to start Tuesday. “Throughout the forward auction, the public will be able to obtain information about the results of bidding on our Public Reporting System…
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(PRS),” said a blog post. “You can view the upcoming schedule of bidding rounds on the Dashboard of the PRS as well as track progress toward meeting the two prongs of the final stage rule that determines whether the auction will close at the current clearing target.” The FCC will provide a “product status screen that will offer details on bidding activity for each product,” the post said. It was by IATF Chairman Gary Epstein and Deputy Chairwoman Jean Kiddoo. A mock auction will be held Thursday and Friday, they noted. “Unlike the reverse auction, in which there is a limited number of possible rounds, forward auction bidding rounds for a stage can continue without limit so long as demand outpaces supply for any product,” they said. “We cannot predict when the forward auction will conclude. Until it does, we invite you to watch along with us as the forward auction clock phase bidding in the first-ever Incentive Auction gets underway.”