Fox Sports To Be Distributed In Italy

Italy’s $3.5 Billion Spectrum Sale At Risk

Italy, trying to cut its deficit, may be thwarted in a bid to raise €2.4 billion ($3.5 billion) by auctioning frequencies, as broadcasters and phone companies resist the “chaotic” sale. Local television channels, which occupy most of the frequencies to be sold, say they may refuse to free the spectrum if the government doesn’t offer higher compensation. Mobile phone operators, the likely buyers, say the frequencies aren’t worth the price if the broadcasters don’t allow immediate access.