Limited Waiver of Former Defaulter Rule Will Promote Participation in Upcoming Spectrum Auctions
(Targeted News Service Via Acquire Media NewsEdge) WASHINGTON, Aug. 1 -- The Competitive Carriers Association issued the following news release:
Today, CCA (Competitive Carriers Association) jointly with CTIA and NTCA proposed steps the Federal Communications Commission (FCC or Commission) could take to limit application of its "former defaulter" rule and thereby encourage participation among a wide range of carriers in the upcoming AWS-3 and incentive auctions. Specifically, CCA, CTIA and NTCA proposed a limited waiver of the former defaulter rule to apply to small or long-since rectified debts, to bidders with an investment grade rating, or who can present letters of credit in advance of an auction.
In a statement, CCA President & CEO Steven K. Berry said "The AWS-3 and incentive auctions are vital in providing opportunity for competitive carriers to bid on and win additional spectrum and to fund a nationwide public safety network. While we understand that the purpose of the FCC's proposed former defaulter rule is to ensure participants are credit-worthy and financially sound, as of today this rule is overly broad and doesn't serve that intent.
CCA asks that the FCC revise this rule to promote broader, more robust participation in the AWS-3 auction and the upcoming incentive auction. I thank the Commission for its work on this important issue and look forward to our continued work to ensure a successful auction."
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(c) 2014 Targeted News Service
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