Bidders Locked For Auction 58
Let the Bidding Begin
Location of Spectrum...
Wed Jan 12, 2005 03:02 AM ET
WASHINGTON (Reuters) -
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The airwaves being auctioned cover major cities such as Los Angeles, Denver and Orlando as well as smaller markets like McAllen, Texas, and Lynchburg, Virginia.
The licenses to be auctioned were once held by now-bankrupt NextWave Telecom Inc. It agreed to return them to the FCC as part of a settlement over money that NextWave owed for the licenses, which it won at auctions in the late 1990s.
~Steve