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Industry: Email Alert RSS FeedThe three pioneer preference companies last week were granted their personal communications services licenses. (Cox Communications, Omnipoint, American Personal Communications) (Brief Article)
Broadcasting & Cable, December, 1994 by McAvoy, Kim
The three pioneer preference companies last week were granted their personal communications services licenses. Cox Communications, Omnipoint and American Personal Communications received the licenses with the understanding that they will pay hundreds of millions of dollars for them. The FCC originally promised the licenses for free, but members of Congress and commercial rivals complained about preferential treatment.
A provision in GATT, the international trade treaty, requires the companies to pay .85% of their licenses' value. as determined Oy the average auctioned license price in the top 20 markets. Cox received a license in San Diego, Omnipoint in New York and Washington Post Co.-owned APC in Washington. The companies were awarded their preferential...
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