Goto Section: 1.2202 | 1.2204 | Table of Contents
Revised as of September 1, 2021
Goto Year:2020 |
§ 1.2203 Competitive bidding mechanisms.
(a) Public notice of competitive bidding procedures. Detailed
competitive bidding procedures shall be established by public notice
prior to the commencement of the reverse auction, including without
(1) Sequencing. The sequencing with which the reverse auction and the
related forward auction assigning new spectrum licenses will occur.
(2) Reserve price. Reserve prices, either disclosed or undisclosed, so
that higher bids for various reverse auction bid options would not win
in the reverse auction. Reserve prices may apply individually, in
combination, or in the aggregate.
(3) Opening bids and bid increments. Maximum or minimum opening bids,
and by announcement before or during the reverse auction, maximum or
minimum bid increments in dollar or percentage terms.
(4) Activity rules. Activity rules that require a minimum amount of
(b) Binding obligation. A bid is an unconditional, irrevocable offer by
the bidder to fulfill the terms of the bid. The Commission accepts the
offer by identifying the bid as winning. A bidder has a binding
obligation to fulfill the terms of a winning bid. A winning bidder will
relinquish spectrum usage rights pursuant to the terms of any winning
bid by the deadline set forth in § 73.3700(b)(4) of this chapter.
(c) Stopping procedures. Before or during the reverse auction,
procedures may be established regarding when bidding will stop for a
round, a stage, or an entire auction, in order to terminate the auction
within a reasonable time and in accordance with public interest
considerations and the goals, statutory requirements, rules, and
procedures for the auction, including any reserve price or prices.
(d) Auction delay, suspension, or cancellation. By public notice or by
announcement during the reverse auction, the auction may be delayed,
suspended, or cancelled in the event of a natural disaster, technical
obstacle, network disruption, evidence of an auction security breach or
unlawful bidding activity, administrative or weather necessity, or for
any other reason that affects the fair and efficient conduct of the
competitive bidding. The Commission has the authority, at its sole
discretion, to resume the competitive bidding starting from the
beginning of the current or some previous round or cancel the
competitive bidding in its entirety.
Goto Section: 1.2202 | 1.2204
Goto Year: 2020 |
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