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Bidding in government auction of airwaves reaches $34 billion

2014-11-23 04:03:58| Wireless - Topix.net

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. 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 FCC.

Tags: government auction billion bidding

Category:Telecommunications

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