FCC says cost for clearing 126 megahertz of spectrum for wireless TV use $86.4 bln
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The Federal Communications Commission (FCC) logo is seen in Washington, February 26, 2015.
Reuters/Yuri Gripas
The U.S. Federal Communications Commission said Wednesday that the cost for clearing 126 megahertz in the TV band for wireless use is $86.4 billion in the first stage of a government auction.
The auction is aimed at repurposing low-frequency spectrum relinquished by television broadcasters to wireless companies and other bidders seeking new airwaves to build and improve wireless networks.
(Reporting by David Shepardson)