FCC Auction 58 has ended, and companies have bid generously (greedily?) for the rights to bring Broadband PCS content to a handset near you. (Refer to Attachment A for the winners.) Over $2B was bid, spreading 217 licenses over 24 bidders, among 35 participants.
It is hard to wrap my mind around these sums, which don't include the cost of infrastructure to actually use the bandwidth. As with any fixed resource with high demand, the clash of Keynesian economics and Auction Theory combined to provide large windfalls of cash to the FCC.
Q. Who can trace the legal ownership of wireless spectrum in the U.S. to the FCC?
Friday, February 25, 2005
Broadband PCS Spectrum Auction Closes; Winning Bidders Announced for Auction No. 58
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