Bidding In Government Auction of Airwaves Reaches $34 Billion

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An anonymous reader sends word that the 2014 wireless spectrum license auction has surpassed $34 billion. “A government auction of airwaves for use in mobile broadband has blown through presale estimates, becoming the biggest auction in the Federal Communications Commission’s history and signaling that wireless companies expect demand for Internet access by smartphones to continue to soar. And it’s not over yet. Companies bid more than $34 billion as of Friday afternoon for six blocks of airwaves, totaling 65 megahertz of the electromagnetic spectrum, being sold by the F.C.C. That total is more than three times the $10.5 billion reserve price that the commission put on the sale, the first offering of previously unavailable airwaves in six years.” Read more of this story at Slashdot.

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Bidding In Government Auction of Airwaves Reaches $34 Billion

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