Eliminates the requirement that a licensee elect the same restructuring option for all its licenses. Instead, the licensee must elect the same option for all the licenses it holds within a given MTA.
Allows licensees to disaggregate and prepay the remaining outstanding balance due on the disaggregated license. A licensee who chooses the installment plan to pay for disaggregated licenses will receive a total credit equal to 70 percent of the original down payment made on the 30-megahertz disaggregated license; 50 percent of the credit will be applied as a down payment on outstanding debt and 40 percent can be used to prepay suspension interest or to reduce outstanding debt on the license. For those who choose to prepay for disaggregated licenses, they will receive a credit equal to 85 percent of the original down payment made on the 30-megahertz disaggregated license. This credit represents 70 percent of the down payment associated with the 15 megahertz of returned spectrum. Terms for resumption of payments or the prepayment option remain unchanged.
Extends for 90 days the 60-day nondelinquency period for payments not made by the prepayment-resumption date. Imposes a 5-percent late-payment fee for payments made within this period.
Eliminates the buildout exception in the amnesty option because it is now moot.
Clarifies that licensees can only prepay as many licenses in a MTA as their prepayment credit allows.
Modifies the payment schedule for all C-block licensees so that all payments are due on the same day.
Source: The FCC.
