If You’re Following The Auction – Day Two
Wireless auction bids hit $3.7 billion
“Bidding topped $3.7 billion on the second day of the Federal Communications Commission’s auction of government-owned airwaves, but there were no new suitors Friday for a closely watched block of spectrum to be shared with public safety agencies.
The $3.7 billion, up from $2.78 billion on Thursday, represented the highest bids received for five separate blocks of spectrum in the auction, which is eventually expected to net the federal government at least $10 billion.”
It still amazes me that the federal government can make so much money from bidding out permissions. Amazing how radio waves, something intangible, could be so valuable!