In many cases, many larger carriers then dropped their bids after the smaller carriers were eliminated
Wow. I didn't realize the game was that rigged.
How about a percentage-in-escrow rule: Depositing a certain significant percentage of the bid amount in an escrow account is a prerequisite for even making the bid. If you win the auction but later back out, the spectrum becomes available again and you say bye bye to the escrow cash.
If these backing-off-after-pricing-out-the-competition shenanigans are indeed true, isn't there some attorney with a RICO itch to scratch?
tomcoseven
· 2 years ago
Anonymous bidding is an idea that is long overdue. Open access, on the other hand, will add significant cost to whoever ends up winning the bid. The winner is pretty much gauranteed that they will not be price competitive with the integrated offerings aleady in the market. It almost looks like an attempt to poison the well, in case the wireless carriers win.
Steve R.
· 2 years ago
Approximately 5 years or so ago, there was a flurry of news that spectrum that was leased was never put into service by the leaseholder and the FCC canceled the leases for non-performance. Clearly these companies had money to "throw away" to "lock" the spectrum for whatever reason they had.
Unfortunately, I have not had time to research what I stated above, so I have no facts to back-up what I wrote.
All Comments
Wow. I didn't realize the game was that rigged.
How about a percentage-in-escrow rule: Depositing a certain significant percentage of the bid amount in an escrow account is a prerequisite for even making the bid. If you win the auction but later back out, the spectrum becomes available again and you say bye bye to the escrow cash.
If these backing-off-after-pricing-out-the-competition shenanigans are indeed true, isn't there some attorney with a RICO itch to scratch?
Unfortunately, I have not had time to research what I stated above, so I have no facts to back-up what I wrote.
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