Bids close in on $4.6 billion reserve mark in FCC’s 700MHz wireless spectrum auction

“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.

33 Comments

  1. Would Apple secretly want to become their own provider for the iPhone?? Could they secretly be amongst the bidders??
    I doubt it, but it is an interesting thought…keep in mind they had a version of OS X running on Intel since its origination?

  2. What is this spectrum? What’s the goal? What the benefits?

    …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…

    Think MacBook Air online everywhere.

    (which will be needed for a device like that one)

    Wouldn’t it be a SHOCK IF APPLE BOUGHT THE WHOLE SHEBANG?

    Steve Jobs says “hold on”, guess now we know what he is talking about.

    HOLD ON!!!

  3. I don’t believe that this is an “all or nothing” auction. Someone please correct me if I’m wrong, but I believe that the auction is for individual shares of the spectrum. If the auction results in enough bids for the total to be sold at or above the reserve, the transaction(s) will be completed. There could be a number of winning bids, and there is room for competition.

    I could be completely wrong about that though. ” width=”19″ height=”19″ alt=”wink” style=”border:0;” />

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