So, if there is no name publicly posted w/ the bid, who is to stop the fcc from creating dummy bids to raise the price?
I have been wondering this since someone put a bid on the d block in the first round. What company, and why, placed a half billion dollar bid on the least desireable chunk of air?
While I'm sure these companies aren't allowed to 'collude', with this type of money on table, I'm pretty much at least a few of the bidders know EXACTLY who is bidding what and at what time, at least until the final rounds.
Reader Comments (Page 1 of 1)
Tim @ Jan 31st 2008 3:21PM
So, if there is no name publicly posted w/ the bid, who is to stop the fcc from creating dummy bids to raise the price?
I have been wondering this since someone put a bid on the d block in the first round. What company, and why, placed a half billion dollar bid on the least desireable chunk of air?
Malfoy Roark @ Jan 31st 2008 5:50PM
While I'm sure these companies aren't allowed to 'collude', with this type of money on table, I'm pretty much at least a few of the bidders know EXACTLY who is bidding what and at what time, at least until the final rounds.