700MHz auction comes to a $19.6B finish, winners still not revealed
Hear that? Yeah, that's the fat lady -- the 700MHz auction is over today, and the FCC netted $19.6B for the 1,099 licenses it put on the block. It's still not known who placed the winning $4.75B bid for the lucrative open-access 50-state C-block (probably Verizon) but hopefully we'll find out soon. There was a ton of regional action as well: a package of licenses for spectrum in Chicago went for $892.4M, another set for Newark and NYC went for $884.7M, and LA's two sets of 700MHz airwaves cost some lucky punter giant corporation $580.3M and $484M -- and if you'd scraped together $17K, you would be the king of the airwaves in American Samoa. Sadly, no one met the reserve for the public-safety D-block, so it looks like Uncle Sam's going to have to toss it in the back of the van and schlep it the old fashioned way. We doubt we'll know for sure who's got what until the gray suits manage to verify everything and make sure all the rules were followed, but it's still an historic day -- and remember, we've got all the info on what this could mean in the future right here.
[Thanks to everyone who sent this in]
[Thanks to everyone who sent this in]




















Reader Comments (Page 1 of 1)
roach @ Mar 18th 2008 7:52PM
HAHA!
I am a non paying bidder!!!
Take that FCC!
roach @ Mar 18th 2008 7:54PM
Oh man... IMAGINE if Apple won the spectrum and we had an all iPhone network!!!
in before trolls say "we already do, it's called 'Engadget'"
Sin City @ Mar 18th 2008 9:03PM
Come on Sprint!!!
CB17 @ Mar 18th 2008 9:24PM
Sprint can't afford it and it's the wrong frequency anyways. They don't need bandwidth, they need MONEY.
RC @ Mar 18th 2008 10:30PM
Sprint needs more than money...... They need new execs and customers to stop flocking away by the masses.
alvin @ Mar 18th 2008 9:16PM
AT&T!!!!!!!!!!!!!!!!!!!!!!!
CB17 @ Mar 18th 2008 9:22PM
Actually, if you've got money, $17k wouldn't be a bad deal to be able to start your own wireless cell/internet service on an island like Samoa with a population of just under a million.
AwlAmericanDawg @ Mar 19th 2008 8:44PM
Come on Verizon!!!
It's The Network! (Please no arguments or anything, the network varies by location)