Sec. 24.303  Competitive bidding mechanisms.

    (a) Sequencing. The Commission will establish and may vary the 
sequence in which narrowband 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 may, by announcement 
before or during an auction, require minimum bid increments in dollar or 
percentage terms. The Commission may also establish by Public Notice a 
suggested opening bid or a minimum opening bid on each license.
    (e) Stopping Rules. the Commission may establish stopping rules 
before or during multiple round auctions in order to terminate an 
auction within a reasonable time.
    (f) Activity Rules. The Commission may 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, each bidder will be entitled to 
request and will be automatically granted one activity rule waiver 
during each stage of an auction, or one automatic waiver during a 
specified number of bidding rounds. The Commission may change by Public 
Notice the number and frequency of such automatic activity rule waivers 
for a specific auction.
    (g) 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 44069 , Aug. 26, 1994]