H Block auction moving ahead as scheduled

FCC Chairman Tom Wheeler said Thursday the 1900 MHz PCS H block auction will go forward on Jan. 22, as scheduled, despite Sprint (NYSE:S) and T-Mobile US (NYSE:TMUS) indicating they will not participate. According to Broadcasting & Cable, Wheeler said at a news conference after his first monthly FCC meeting as chairman that the absence of Sprint and T-Mobile will change the dynamics of the auction, but he pointed out that there was a reserve price of $1.56 billion, so the carriers' absence does not mean the FCC will necessarily lose out on revenue. He also said Sprint and T-Mobile ditching the auction could open the door to others to participate--Dish Network (NASDAQ: DISH) is now seen as the most likely winner of the auction. According to Broadcasting & Cable, Wheeler also said if he could walk around with a signboard advertising the auction, the message would be "Y'all come." Article