Bidding ends in US 700 MHz wireless auction
I've been following this auction for a while.
"The Federal Communications Commission's (FCC) much-hyped 700-MHz spectrum auction closed Tuesday after nearly eight weeks of continuous bidding with $19.6 billion in bids. Every block but the ill-fated public safety d-block reached their reserve prices, calling into question the future of public safety spectrum.
The c-block, which must be open to all applications and devices after reaching its reserve price of $4.6 billion, was sold for approximately $6.5 billion. The d-block, which was supposed to provide public safety access if its $1.3 billion reserve price was met, failed to attract any bids beyond a $472 million opening bid.
The $19.592 billion in revenue raised in the 700-MHz auction was significantly more than raised in any past FCC auction, the agency said; a 2006 FCC wireless auction raised $13.9 billion. All other 68 auctions conducted by the FCC in the past 15 years collectively generated a total of only $19.1 billion in receipts, the FCC said.
In order to prevent anti-competitive behavior, the FCC said it would not reveal who placed bids on what until the auction was complete, and winning bidders have not yet been revealed. Stifel Nicolaus analysts Blair Levin and Rebecca Arbogast wrote in a March 7 note to clients that they expect the anti-collusion rules to lift by late March or early April.
Major players like Google, AT&T and Verizon, however, were all approved to participate. "
FCC Spectrum Auction Ends, Successfully - News and Analysis by PC Magazine
There is more to the article, check out the link.
It will be Very interesting to see how google did and what they do
"The Federal Communications Commission's (FCC) much-hyped 700-MHz spectrum auction closed Tuesday after nearly eight weeks of continuous bidding with $19.6 billion in bids. Every block but the ill-fated public safety d-block reached their reserve prices, calling into question the future of public safety spectrum.
The c-block, which must be open to all applications and devices after reaching its reserve price of $4.6 billion, was sold for approximately $6.5 billion. The d-block, which was supposed to provide public safety access if its $1.3 billion reserve price was met, failed to attract any bids beyond a $472 million opening bid.
The $19.592 billion in revenue raised in the 700-MHz auction was significantly more than raised in any past FCC auction, the agency said; a 2006 FCC wireless auction raised $13.9 billion. All other 68 auctions conducted by the FCC in the past 15 years collectively generated a total of only $19.1 billion in receipts, the FCC said.
In order to prevent anti-competitive behavior, the FCC said it would not reveal who placed bids on what until the auction was complete, and winning bidders have not yet been revealed. Stifel Nicolaus analysts Blair Levin and Rebecca Arbogast wrote in a March 7 note to clients that they expect the anti-collusion rules to lift by late March or early April.
Major players like Google, AT&T and Verizon, however, were all approved to participate. "
FCC Spectrum Auction Ends, Successfully - News and Analysis by PC Magazine
There is more to the article, check out the link.
It will be Very interesting to see how google did and what they do

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