FCC Stalls on LMDS Auction
The Federal Communications Commission's decision to push back the local multipoint distribution service auctions until Feb. 18, 1998, may anger potential b idders, but it shouldn't have a major effect on the market, according to industry observers.
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The FCC said it wanted to let bidders take advantage of foreign capital, and it is giving bidders more time to find funding, setting a Feb. 2 deadline for down payments.
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© 2012 Penton Media Inc.
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