“Google Inc Chief Executive Eric Schmidt said Wednesday that the Internet giant could team up with at least one partner to bid in the U.S. government’s upcoming wireless spectrum auction,” Scott Morrison reports for Dow Jones Newswires.
“‘It’s perfectly possible that the best bidding strategy may be to bid with one or more partners,’ Schmidt told journalists following a gathering with financial analysts at the company’s Mountain View, Calif., headquarters. ‘We won’t make our decision until that last minute,'” Morrison reports.
“The U.S. Federal Communications Commission is slated in January to begin auctioning a swath of 700-megahertz spectrum, which is considered prime U.S. wireless real estate because the airwaves can travel long distances and penetrate thick walls,” Morrison reports.
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MacDailyNews Note: Google CEO Eric Schmidt is a member of Apple Inc.’s Board of Directors.