Bidding for wireless spectrum in the United States Federal Communications Commission’s latest auction has gone through the roof, raising more than $36 billion as of Tuesday morning. A total of 70 qualified bidders are seeking 1,614 licenses in the 1695-1710 Mhz, 1755-1780 Mhz and 2155-2180 MHz bands. The auction almost certainly will raise even more money over the next few weeks. “They’re going to have a brief break for Thanksgiving, and then the auction will resume Monday,” said Frost & Sullivan analyst Ronald Gruia.
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FCC's Spectrum Cash Cow Produces Rich Milk
Posted by: Richard Adhikari November 25, 2014 07:35 AMBidding for wireless spectrum in the United States Federal Communications Commission’s latest auction has gone through the roof, raising more than $36 billion as of Tuesday morning. A total of 70 qualified bidders are seeking 1,614 licenses in the 1695-1710 Mhz, 1755-1780 Mhz and 2155-2180 MHz bands. The auction almost certainly will raise even more money over the next few weeks. “They’re going to have a brief break for Thanksgiving, and then the auction will resume Monday,” said Frost & Sullivan analyst Ronald Gruia.