Satellite Companies Exit FCC Auction
Wireless DBS, the entity created by DirecTV and EchoStar Communications to bid in the US Federal Communications Commission (FCC) auction for licenses to deliver advanced wireless services (AWS), withdrew from the bidding. The satellite companies had scaled back their bidding at the beginning of the week, presumably due to the levels that the bidding has reached. The auction has now completed 20 rounds of bidding, reaching a total of $10.1 billion USD for the 1,122 licenses. T-Mobile USA (77 leading bids for $3.0 billion) and SpectrumCo (79 licenses for $1.5 billion), the bidding entity of the four leading cable companies and Sprint, continue to lead the bidding.
from Telecom Daily
nilremerlin