“Bidders in the FCC’s 700 MHz auction were moving the nationwide C-Block toward the $4.6 billion reserve price Tuesday as the commission conducted the fourth day of the spectrum auction,” W. David Gardner reports for InformationWeek.
“The reserve price is important because if it’s met, it will trigger the development of an open wireless infrastructure in which consumers will be able to use a wider variety of devices and services,” Gardner reports.
“The bidding is secret, but large firms like Google, AT&T, and Verizon are considered the most likely bidders for the nationwide C-Block,” Gardner reports. “Exactly which companies are bidding in secret is still unknown, although the betting is that Google is involved. However, some don’t believe that Google actually wants to set up its own wireless network.”
“At the close of Monday’s auctions, the C-Block had hit $3.42 billion — up $1.27 billion from earlier bids and on pace to reach the $4.6 billion reserve price by the end of Wednesday,” Gardner reports.
Full article here.