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New Jersey Sees $330 Million Windfall In Spectrum Auction

Credits: Congressman Lance's Office

WESTFIELD, N.J. --- Congressman Leonard Lance (NJ-07), Vice Chair of the Communications and Technology Subcommittee, today announced that New Jersey public broadcasting earned $331,951,636 in the Federal Communications Commission’s first broadcast incentive auction.  The auction was designed to market federally-controlled broadcast airwaves for nationwide wireless mobile use.

This is good news for taxpayers and consumers.  These funds are a needed boost to state coffers and the freeing up of spectrum allows innovators to deliver for consumers the 5G network that will empower the Internet economy and households that have many mobile devices.  This is a win-win.”

Lance’s Committee was responsible for the creation of the first-of-its kind market for repurposing valuable broadcast airwaves.  The need for an auction was prompted by increasing demand for wireless airwaves.  The FCC estimates that about 70 percent of Americans use data-hungry smartphones.  By auctioning the spectrum airwaves the FCC monetized a federal asset to meet the rising demand.  

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Springfield

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