FCC Ready to Pay Incentive Auction Winning Bidders
The FCC is ready to start paying incentive auction winners, the Incentive Auction Task Force and the Wireless Bureau said in a public notice Thursday. The FCC “has directed the U.S. Treasury” to make payments to “every station subject to…
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a winning bid in the reverse auction that has provided sufficient banking information to facilitate payment,” said the PN, which includes a list of the stations to be paid. The FCC “does not control the precise date on which the U.S. Treasury will make each incentive payment or when each incentive payment will be received,” the PN said, but for the purposes of rules pegged to stations receiving their payments, winning bidders will be considered to have received their payment in five business days. Winning bidders that gave up their spectrum in the incentive auction have to go off the air 90 days after receiving their payments, the PN said.