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Telecommunications

August 16, 1994|From Times Staff and Wire Reports

FCC Revises Minority Preference Rules for Spectrum Auction: The Federal Communications Commission added Native American tribes and Alaskan regional or village corporations to the groups eligible to bid on specially designated licenses for a new wireless communications technology called broad band personal communications services. The agency also raised limits on the amount of gross revenue, total assets and personal net worth that investors may bring to bidding groups. Specifically, the FCC will not consider wealth unless the investor owns more than 15% of a bidding corporation's voting stock.

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