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LOWER 700 MHz LOWER 700 MHz LICENSES LICENSES AUCTION #60 AUCTION #60

LOWER 700 MHz LICENSES AUCTION #60

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LOWER 700 MHz LICENSES AUCTION #60. Disclaimer. - PowerPoint PPT Presentation

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Page 1: LOWER 700 MHz LICENSES AUCTION #60

LOWER 700 MHz LICENSESLOWER 700 MHz LICENSES

AUCTION #60AUCTION #60

Page 2: LOWER 700 MHz LICENSES AUCTION #60

DisclaimerDisclaimerThese slides are provided by Bureau staff for These slides are provided by Bureau staff for informational purposes only. Nothing herein is informational purposes only. Nothing herein is intended to supersede any provision of the intended to supersede any provision of the Commission's rules or public notices. These slides Commission's rules or public notices. These slides should not be used as a substitute for a prospective should not be used as a substitute for a prospective applicant's review of the Commission's relevant applicant's review of the Commission's relevant orders, rules, and public notices. Prospective orders, rules, and public notices. Prospective applicants must familiarize themselves thoroughly applicants must familiarize themselves thoroughly and remain current with the Commission's rules and remain current with the Commission's rules relating to Lower 700 MHz Licenses, rules relating relating to Lower 700 MHz Licenses, rules relating to application and auction procedures, and the to application and auction procedures, and the procedures, terms and conditions contained in the procedures, terms and conditions contained in the Auction No. 60 public notices.Auction No. 60 public notices.

Page 3: LOWER 700 MHz LICENSES AUCTION #60

FCC Form 159FCC Form 159 Applicants must fax a completed FCC Form Applicants must fax a completed FCC Form

159 (Revised 2/03) to Mellon Bank at (412) 209-159 (Revised 2/03) to Mellon Bank at (412) 209-6045 at least one hour before placing the order 6045 at least one hour before placing the order for the wire transfer (but on the same business for the wire transfer (but on the same business day). day).

All applicants are urged to do the following:All applicants are urged to do the following: Print the electronic version of the FCC Form Print the electronic version of the FCC Form

159. The form has been pre-filled based on the 159. The form has been pre-filled based on the information that was provided on your FCC information that was provided on your FCC

Form 175 Application.Form 175 Application.

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ContinuedContinued

If you choose not to use the If you choose not to use the electronic version of the Form 159, electronic version of the Form 159, detailed instructions for completion of detailed instructions for completion of the FCC Form 159 are included in the FCC Form 159 are included in Attachment E of Public Notice Attachment E of Public Notice DA 05-DA 05-737, dated March 22, 2005737, dated March 22, 2005..

Page 10: LOWER 700 MHz LICENSES AUCTION #60

Upfront Payments Deadline Upfront Payments Deadline

All upfront payments must be received at Mellon Bank by 6:00 p.m. ET on June 30, 2005.

All payments must be in U.S. Dollars. All payments must be made by Wire

Transfer.

Page 11: LOWER 700 MHz LICENSES AUCTION #60

Upfront Payments Upfront Payments (Continued)(Continued)

Upfront payments for Auction #60 go Upfront payments for Auction #60 go to a lockbox number different from the to a lockbox number different from the lockboxes used in previous FCC Auctions, lockboxes used in previous FCC Auctions, and different from the lockbox number to and different from the lockbox number to be used for post-auction payments.be used for post-auction payments.

Failure to deliver the upfront payment Failure to deliver the upfront payment by the June 30, 2005 deadline will result in by the June 30, 2005 deadline will result in dismissal of the application and dismissal of the application and disqualification from participation in the disqualification from participation in the auction. auction.

Page 12: LOWER 700 MHz LICENSES AUCTION #60

Making Auction Payment By Making Auction Payment By Wire TransferWire Transfer

Wire transfer payments must be received Wire transfer payments must be received by 6:00 p.m. ET on June 30, 2005. To avoid by 6:00 p.m. ET on June 30, 2005. To avoid untimely payments, applicants should untimely payments, applicants should discuss arrangements (including bank discuss arrangements (including bank closing schedules) with their banker several closing schedules) with their banker several days before they plan to make the wire days before they plan to make the wire transfer, and allow sufficient time for the transfer, and allow sufficient time for the transfer to be initiated and completed transfer to be initiated and completed before the deadline.before the deadline.

Page 13: LOWER 700 MHz LICENSES AUCTION #60

Applicants will need the following Applicants will need the following information:information:

ABA Routing Number: 043000261ABA Routing Number: 043000261 Receiving Bank: Mellon PittsburghReceiving Bank: Mellon Pittsburgh

500 Ross Street500 Ross Street Pittsburgh, PA 15262Pittsburgh, PA 15262

Beneficiary: FCC/Account # 910-0171Beneficiary: FCC/Account # 910-0171 OBI Field: (skip one space between each OBI Field: (skip one space between each

information item) information item) ““AUCTIONPAY”AUCTIONPAY”

Page 14: LOWER 700 MHz LICENSES AUCTION #60

Wire Transfer Instructions Wire Transfer Instructions (continued)(continued)

Applicant FCC Registration No (FRN): Applicant FCC Registration No (FRN): (same as FCC Form 159, Block 21)(same as FCC Form 159, Block 21)

Payment Type Code: (“A60U”)Payment Type Code: (“A60U”) FCC Code 1: (same as FCC Form 159, FCC Code 1: (same as FCC Form 159,

block 28A) enter “60”block 28A) enter “60” Payer Name: (same as FCC Form 159, Payer Name: (same as FCC Form 159,

block 2)block 2) Lockbox No: “358430”Lockbox No: “358430”

Page 15: LOWER 700 MHz LICENSES AUCTION #60

REMINDERS AND KEY POINTSREMINDERS AND KEY POINTS Upfront Payments are due June 30, 2005 Upfront Payments are due June 30, 2005

by 6:00p.m. ET – Instructions are on Pages by 6:00p.m. ET – Instructions are on Pages 18 and 19 of the Procedure Public Notice 18 and 19 of the Procedure Public Notice DA 05-737. DA 05-737.

Multiple upfront payments are permissible Multiple upfront payments are permissible

but a Form 159 must accompany each but a Form 159 must accompany each payment.payment.

Please make sure that you always use the Please make sure that you always use the same Applicant FRN that was used when same Applicant FRN that was used when you completed your Form 175.you completed your Form 175.

Page 16: LOWER 700 MHz LICENSES AUCTION #60

Please pay special attention to Page 32 of Please pay special attention to Page 32 of your Procedures PN (Post-Auction your Procedures PN (Post-Auction Procedures Section) At the close of the Procedures Section) At the close of the auction a public notice is released; auction a public notice is released; successful bidders will have 10 business successful bidders will have 10 business days after the release of the closing PN to days after the release of the closing PN to meet their 1st down payment requirement meet their 1st down payment requirement of 20% of their Net Winning Bid. of 20% of their Net Winning Bid.

In addition, your final payment of the In addition, your final payment of the remaining balance is due 10 business days remaining balance is due 10 business days after your 1st down payment deadline.after your 1st down payment deadline.

Page 17: LOWER 700 MHz LICENSES AUCTION #60

For additional questions, please For additional questions, please contact:contact:

Gail Glasser – (202) 418-0578Gail Glasser – (202) 418-0578 [email protected]@fcc.gov