FCC Blesses Google's Spectrum Auction Plans
Jan 15, 2008, 9:24 AM by Eric M. Zeman
The FCC announced that a total of 214 companies have qualified for the 700MHz spectrum auction, which begins next week. Among those companies approved to participate are AT&T, EchoStar, Google, and Verizon Wireless. Over 50 companies were denied access to the auction. The FCC will hold a test auction on January 22 so participants can familiarize themselves with the bidding process. The auction itself, which starts January 24, will be blind, meaning participants can see the amount of the highest bid, but not the identity of the bidder. The minimum bid for the prime airwaves is $4.6 billion. With Frontline Wireless' dissolution last week, the FCC is concerned that no company will emerge to bid on the 10MHz of spectrum that was set aside for a national network for emergency first responders, which has a lower minimum bid of $1.33 billion. If the minimum price isn't met, the FCC can re-auction off that spectrum block without the current set of conditions, or simply award it to the highest bidder anyway.
Fortune »
Wall Street Journal »
Comments
T-Mobile Looks to Spend Cash!
Gameday78 said:...
T-Mobile is the only carrier that owns the 1700Mhz spectrum and plans on add large areas of 700Mhz to offset its higher 3g bandwith. Mommy and Daddy (Deutsche Telekom) have invested 4 Billion in network upgrades t
(continues)
If this auction happened a year ago, I woul...
(continues)