Companies Bid More Than $34 Billion for FCC’s Auction of a Wireless Spectrum License
The US Federal Communications Commission (FCC)’s auction of a wireless spectrum license has surpasses all pre-sale estimates; with bids by companies having reached a whopping $34 billion as of Friday afternoon.
The FCC is auctioning a total of six blocks of airwaves for use in mobile broadband. The airwaves being auctioned add up to 65 megahertz of the electromagnetic spectrum, for which companies have started bidding since Friday, November 21.
More: Companies Bid More Than $34 Billion for FCC’s Auction of a Wireless Spectrum License