If You’re Following The Auction

If you’re following the 700Mhz auction…

700MHz Auction Pulls In $2.8B Worth of Initial Bids

“The FCC kicked off its highly anticipated spectrum auction Thursday with two rounds that brought in $2.8 billion worth of bids by day’s end. Stakeholders are bidding on a valuable swath of spectrum that will become available once television broadcasters shift from analog to digital signals in early 2009.

One of the largest bids was close to $1 billion, and that came from a set of eight bidders who wanted a group of licenses in all 50 states. Anyone looking to trump that bid during the remaining three bidding rounds on Friday must put down at least $1.4 billion.”