News
Issue #2002 - 44 (November 2002)
(Updated Nov. 20, 2002)

INFRASTRUCTURE, PRODUCTS & SERVICES

FCC to Let Wireless Carriers Opt-Out of License Bids

The U.S. Federal Communications Commission on Thursday said it would allow wireless companies to "opt out" of bids for spectrum that is still tied up in NextWave and Urban Comm litigation. 

"We appreciate the Commission's leadership in freeing up $16 billion in wireless assets that had been held hostage for too long," said Tom Wheeler, President and CEO of the Cellular Telecommunications & Internet Association (CTIA). "This is a straightforward solution - allowing those resources to be put to work creating jobs in the telecomm sector and increasing service levels for wireless consumers. It is also a fair solution, releasing bidders from a transaction that never occurred. The Commission's action will help bring long-overdue certainty and stability to the wireless marketplace." (Source: Reuters, AP, USA TODAY, Wall Street Journal, Los Angeles Times, CTIA Statement)

MobileInfo Comments and Advisory: After a lot of debate and delay, FCC has done the right thing. Better to do the right thing later than wrong thing earlier. 

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