As of Tuesday, the FCC had conducted 12 rounds of bidding for sections of the 700MHz spectrum, over a span of four days. But one of the blocks up for bid isn’t garnering much interest among potential buyers, Reuters reported.

 

That is “Block D,” also known as the “public safety block” because it’s designated for use by police, firefighters and other public saftery officials, Reuters reported. So far there has only been one bid for this block—for $472 million, far below the FCC’s reserve price of $1.3 million.

 

If things don’t pick up soon for the D block, the FCC may be forced to modify its requirements for the spectrum and/or lower the price. Reuters speculated that the dearth of bidders may be due to the credit crunch companies in the U.S. are experiencing; possibly they simply can’t raise the capital.

 

Current requirements for the D block also likely make it less appealing in terms of return on investment: “Under rules adopted by the FCC, the winner of the D block airwaves will be required to negotiate an agreement with public safety agencies, build out a nationwide network and then give those agencies priority use during emergencies,” Reuters explained.

 

What do you think—will someone step in yet to rescue the D block? Or will the FCC have to change its expectations for this section of the spectrum?