Incentive Auction Closes
The FCC announced the official close of the Incentive Auction today. Paul had led the design team that created the rules for this auction. Auctionomics, of which Paul is chairman, supplied some of the software used in the auction.
As the FCC explained:
"Bidding in the auction closed on March 30, 2017, repurposing 84 megahertz of spectrum – 70 megahertz for licensed use and another 14 megahertz for wireless microphones and unlicensed use. The auction yielded $19.8 billion in revenue, including $10.05 billion for winning broadcast bidders and more than $7 billion to be deposited to the U.S. Treasury for deficit reduction."