The Federal Communications Commission’s $25 million limit on helping small businesses and minority entrepreneurs competing with big corporations bid for licenses for radio and broadband space is legal, a federal appeals court has ruled.
The U.S. Court of Appeals for the Third Circuit’s ruling Thursday stifles a challenge made by a small telecom investment firm in Connecticut opposing the FCC’s cap on bidding credits given to “designated entities,” or DEs, in auctions for space on the electromagnetic spectrum.
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