Senate plan to sell radio frequencies

Article Abstract:

Senators Daniel K. Inouye (D-HI) and Ted Stevens (R-AK) have proposed a plan for assigning rights to the nation's radio frequencies by auctioning them off to the highest bidder. Currently, frequency rights are awarded either through a time-consuming process of comparative hearings or through a lottery process. The Inouye/Stevens effort calls for the Federal Communications Commission (FCC) to hold experimental auctions for 30 MHz of bandwidth, over a three-year period. The FCC would then issue a report to Congress on the results of the experiment. Congress could then approve further auctions by the insertion of a standard phrase of approval into the annual FCC appropriation. The new proposal also includes special provisions to safeguard the rights of rural telephone companies and would not involve sufficient bandwidth for exploitation by personal communication services. It would be attached to a broader bill that aims to shift some 200 MHz of bandwidth from the government to the public sector. Sen Inouye stopped short of actually endorsing that proposal, instead calling for comments from interested parties by Jun 12, 1992.

Laws, regulations and rules, Science and technology policy, United States. Congress, Radio, Licensing, Government Regulation, Radio frequency, Inouye, Daniel K., Stevens, Ted

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A hot technology stock gets hotter after a court ruling

Article Abstract:

Investors have been bidding telephone-network-equipment vendor Broadband Technologies Inc's stock up ever since it went public at $18 a share Jun 30, 1993, despite the fact that the company has never shown a profit and expects to lose over $20 million in 1993. Most recently, Broadband's stock has gone from a high of $34 Aug 24 to close at $41.50 Aug 27. The latest flurry of investor activity results from a Federal judge's decision Aug 24 to overturn a law prohibiting local telephone companies from providing television programming in competition with local cable television companies. The decision would seem to increase the potential market for Broadband's fiber loop access system for managing fiber-optic telephone networks that provide interactive cable-television services. Bell Atlantic Corp, which brought suit to overturn the law, has already signed a three-year contract for Broadband equipment potentially worth $100 million to the company.

Telephone and telegraph apparatus, Radio & TV communications equipment, Electronic parts and equipment, Equipment and supplies, Column, Telecommunications equipment industry, Telecommunications equipment, Securities, BEL, Fiber optics, Telephone equipment, Growth (Physiology), Product introduction, Forecasting, Interactive television, Telephone systems, Communications Equipment, Growth, Telephone System, Competition, Increase, Lawsuits, Price, Stock, New Technique, Interactive Cable, BroadBand Technologies Inc.

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