US: Wireless Spectrum Auction Ends, Verizon and AT&T Win
After 260 rounds of bidding over more than seven weeks the the 700MHz wireless spectrum auction has ended. According to a statement by FCC chief Kevin Martin, the auction took in almost twice the amount estimated.
Update 21 March:
Verizon Wireless and AT&T – the two largest mobile service providers – won a greater swath of radio spectrum, heading off new competition that could have led to lower prices for consumers. Google bid USD4.7 billion for the so-called C block, which can be used for nationwide wireless voice and data service, but it was outbid by Verizon.
Read more on the New York Times website and on Broadbandreports.com.
Source: NY Times, Broadbandreports
