700MHz Spectrum Auction Wraps Up, Tops $19.5 Billion
After nearly two months, the Federal Communication Commissions 700MHz spectrum auction has come to an end. Bidding far exceeded the FCC’s preauction hopes of $10 billion to $15 billion, with the final tally coming in at $19,592,420,000. The auction ended this afternoon with a terse announcement by the Commission that there were no "bids, withdrawals, or proactive activity rule waivers" during round 261. "Therefore, Auction 73 has closed under the simultaneous stopping rule."
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