WPC 2B-J Z CourierCourierTimes New RomanTimes New Roman BoldX@HP LaserJet 4M LPT2HPLA4MPC.PRSx  @\KX@26FZs 3|xCourierTimes New RomanTimes New Roman BoldHP LaserJet 4P Room 202 EHPLAS4P.PRS4x  @\LX@2K XTKt "i~'^:DPddDDDdp4D48dddddddddd88pppX|pDL|pp||D8D\dDXdXdXDdd88d8ddddDL8ddddX`(`lD4l\DDD4DDDDDDDDd8XXXXXX|X|X|X|XD8D8D8D8ddddddddddXdbdddpdXXXXXlX~|X|X|X|XdddldldD8DdDDDdplld|8|P|D|D|8dvddddDDDpLpLpLpl|T|8|\ddddddl|X|X|Xd|DdpL|Dd~4ddC$CWxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxNHxxH\dDXddddd8@d<@d<DDXXdDDxddzHxxHvppDXd<"dxtldpxxd<?xxx,>fx6X@`7X@7jC:, Xj\  P6G;XP7nC:,Xn4  pG;XRdW, \  P6G;PpDppLDd4ddC6CWxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxNHxxHjdDddddddfx6X@`7X@7jC:, Xj\  P6G;XP7nC:,Xn4  pG;XRdW, \  P6G;PRdW,L4  pG;xxx,QCourierTimes New RomanTimes New Roman Bold!P2tE",^Wf,fffNfNTffr,fTfffTfTrfxBxfNfffNfffffffT,oToToToTrTrrfrTfxT)rrrf,frfNdQdWxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxNllf ZfZfZff,gg,,,l,l,f,Z",,,&, X-#Xj\  P6G; XP# `(#2March 21, 1995  X - PCS AUCTION UPDATE: FCC RECEIVES FULL $1.4 BILLION DEPOSIT Ã  X -  X - Today, FCC Chairman Reed Hundt announced that "we have received a $1.4 billion down payment on competition." In perhaps the largest onetime transfer of wealth from the private sector to American taxpayers, the 18 winning bidders in the FCC's recentlycompleted auction of licenses to provide broadband personal communications services (PCS) have made the full $1.4 billion down payment on their licenses to the U.S. Treasury. The FCC's auction, which ran from December 5, 1994 until March 13, 1995 raised over $7 billion for the U.S. Treasury, making it the biggest auction in history. The money deposited in the Treasury today represents all the 20 percent down payment that FCC rules require that winning bidders pay on PCS licenses within five days of the auction close. The balance will be paid to the Treasury after these licenses are granted. This should occur in a few months. Attached is a list of winning bidders and the total amount they bid. "By using marketbased incentives, the FCC is awarding these licenses for what they are truly worth, and the money from this valuable public property will be put right back into the hands of the citizens of this country, in investment, in jobs, and in payments to the U.S. Treasury," said Chairman Hundt. The FCC's broadband PCS auction offered 99 licenses to provide wireless personal communications services across the United States and its territories. The services, which will use stateoftheart devices like lightweight, portable phones, can provide competition to the cellular telephone industry. There are currently two cellular providers per market. After the FCC's series of auctions, there could be as many as eight wireless providers in each market, all competing with each other and driving down prices. \(over) "(0*0*0*'"Ԍ3b 2 The broadband PCS auction was the largest auction that the FCC has held to date. Since 1993, when the FCC was authorized by Congress to conduct spectrum auctions, the Commission has held four auctions, two for narrowband PCS licenses (which offer mobile services like twoway paging), one for Interactive Video and Data Service licenses (which allow consumers to interact with their computers or TVs), and the justcompleted broadband PCS auction. The four auctions have raised a total of $8,995,080,217 for the U.S. Treasury, or about $98 per U.S. household.  X -Sv é FCC lU News Media Contact: Stacey Reuben Mesa at (202) 4180654 Wireless Telecommunications Bureau Contact: Jackie Chorney at (202) 4180600" 0*0*0*N "  X-  BROADBAND PCS WINNING BIDDERS  l  X-lUX` hp x (#%'0*,.8135@8: