FCC’s first spectrum auction in six years raised three times more than expected

Started by 7H3, Nov 24, 2014, 02:58 PM

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7H3

http://time.com/3602074/fcc-spectrum-auction-raises-over-30-billion-in-battle-for-airwaves/
Quote
Companies have bid more than $30 billion to get a slice of the mid-range frequency spectrum auctioned off by the Federal Communications Commission last week.

The FCC offered what is called AWS-3 frequencies, which are a mid-range spectrum similar to those controlled by Dish Networks. Auction 97, as it's called, kicked off Nov. 13. It's one of the first to offer that type of frequency and one of the biggest sales of new frequencies since 2008.

Pre-sale estimates put the value of the airwaves at $10.1 billion, but interest from companies pushed the bidding well over that value. The final and winners won't be revealed until the auction ends and the FCC awards certain frequencies.
"It's hip to be square." - Eurogamer<br />"Shut up its art!" -Legend

Legend

That's a lot of chedda