Sec. 24.703  Competitive bidding mechanisms.

    (a) Sequencing. The Commission will establish and may vary the 
sequence in which broadband PCS licenses will be auctioned.
    (b) Grouping. In the event the Commission uses either a simultaneous 
multiple round competitive bidding design or combinatorial bidding, the

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Commission will determine which licenses will be auctioned 
simultaneously or in combination.
    (c) Reservation Price. The Commission may establish a reservation 
price, either disclosed or undisclosed, below which a license subject to 
auction will not be awarded.
    (d) Minimum Bid Increments. The Commission will, by announcement 
before or during an auction, require minimum bid increments in dollar or 
percentage terms.
    (e) Stopping Rules. The Commission will establish stopping rules 
before or during multiple round auctions in order to terminate an 
auction within a reasonable time.
    (f) Activity Rules. The Commission will establish activity rules 
which require a minimum amount of bidding activity. In the event that 
the Commission establishes an activity rule in connection with a 
simultaneous multiple-round auction, bidders will be entitled to request 
and be granted waivers of such rule. The Commission will specify the 
number of waivers permitted in an auction, the frequency with which they 
may be exercised, and the method of operation of waivers by Public 
Notice prior to each auction.
    (g) Suggested Minimum Bid. The Commission may establish suggested 
minimum bids on each license. Bids below the suggested minimum bid would 
count as activity under the activity rule only if no bids at or above 
the suggested minimum bid are received.
    (h) Bidder Identification During Auctions. The Commission may 
choose, on an auction-by-auction basis, to release the identity of the 
bidders associated with bidder identification numbers. The Commission 
will announce by Public Notice before each auction whether bidder 
identities will be revealed.
[ 59 FR 37604 , July 22, 1994, as amended at  59 FR 53371 , Oct. 24, 1994]