700MHz Spectrum Auction Wraps Up, Tops $19.5 Billion
After nearly two months, the Federal Communication Commission’s 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."
Questions About Block D Linger In Aftermath Of Auction
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