World Surveillance Group Inc (fka WSGI)

[nilremerlin]

FCC Auction Reaches almost $13 Billion after 41 Rounds

Bidding in the US Federal Communications Commission (FCC) auction of advanced wireless services (AWS) came close to $13 billion USD after 12 days and 41 rounds of bidding. The net total of the bids reached $12,821,828,700 with $117,337.200 in new bids in the 41st round. The leading bidders continued to be T-Mobile USA, SpectrumCo, and AWS Wireless. T-Mobile had 119 potentially winning bids (PWBs) for a total of more than $4.1 billion. SpectrumCo, the joint venture of Sprint and four cable companies, had 124 PWBs worth almost $1.9 billion, and AWS, a venture headed by the same team that lead NextWave Telecom in its bidding fiasco, had 133 PWBs worth $88.1 million. Verizon Wireless continued to hold on to four PWBs worth a whopping $2.8 billion. The bidding will continue as long as new bids continue to be made. Estimates are that it will top the $15 billion mark before bidding ends.

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