Select Spectrum Presents 2015 Spectrum Lease Auction Results
McLean, VA (PRWEB) November 19, 2015 -- Select Spectrum has completed its analysis of the first round of bidding in its 2015 2.5 GHz Spectrum Lease Auction. This electronic Auction provided a format for over 120 eligible bidders to compete to enter into leases to use FCC licensed Educational Broadband Service spectrum capacity. A limited number of Broadband Radio Service licenses were also available for sale or lease. In the first round, Bidders submitted 360 bids, totaling over $100 million, to lease or acquire more than 200 spectrum licenses around the U.S.
The majority of the licenses included in the Auction are held by educational institutions. The Auction brings together educational institutions that do not have the infrastructure or budget to build broadband systems and wireless operators that wish to expand their coverage or to provide customers with higher data speeds by leasing excess capacity on the educators’ channels. Wireless Internet Service Providers submitted the majority of the bids. These companies operate networks that deliver broadband services to homes and small businesses – primarily in rural areas where residents would otherwise have difficulty finding high-quality affordable Internet access. Larger operators also use the same frequencies for mobile broadband networks supporting smartphones and similar devices.
In conjunction with their bids, most Auction participants also offered to provide free or discounted Internet access services to schools within their service areas.
“We are pleased with the number of bids that we received, and look forward to working with the bidders and the license holders to finalize leases,” said Robert Finch, President of Select Spectrum. “We believe that the spectrum access model we are creating can become a new paradigm for the secondary spectrum market.”
The results of the Auction will be announced after the majority of the transactions have been submitted to the FCC for approval. Select Spectrum plans to hold another 2.5GHz Spectrum Lease Auction in the spring of 2016.
About Select Spectrum
Select Spectrum, a member of WISPA, was founded in 2010 to help spectrum rights holders to obtain maximum value when leasing or selling leasing their licenses. Select Spectrum also advises companies seeking to efficiently acquire or lease spectrum licenses. Select Spectrum has developed an Electronic Spectrum Auction System that allows bidders to submit secure bids to lease or purchase spectrum licenses. The company also has developed and a variety of spectrum databases and mapping systems, which are utilized by the company's experts to perform complex analyses of various alternatives.
James Bridges, Select Spectrum, http://www.selectspectrum.com, +1 866-317-2851 Ext: 104, [email protected]
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