Gordian Group advised the FCC in connection with the bankruptcy of certain failed “C-Block” licensees.

Case Study
Federal Communications Commission
CLIENT: Federal Communications Commission ("FCC")
Industries
Government & Regulatory AgencyBusiness Profiles
Situation
Subsequent to the FCC’s auction of “C-Block” licenses, some of the licensees filed for bankruptcy. Combined, these entities owed the government $2.4 billion through obligations secured by the spectrum licenses. These matters involved numerous difficult issues such as license reauction values, merger market issues and valuation of business plans.
Engagement
As an important part of Gordian Group’s assignment, we advised the FCC regarding the realization of value on its claims, in light of government policy objectives and other key matters.
Outcome
Gordian delivered valuation and strategic views to the FCC in connection with the restructuring. Gordian’s guidance provided important underpinnings of certain aspects of the government position in this in respect of Next Wave, Pocket Communications and others.