A bid on the largest portion of public wireless airwaves, now being auctioned by the federal government, reached $4.7 billion yesterday, triggering a provision to allow any device or software to work on that spectrum. While bidding is anonymous, analysts speculate that Google Inc. and Verizon Wireless, a joint venture between Verizon Communications Inc. and Vodafone Group PLC, are the likely bidders on that swath, which is about one-third of the total spectrum currently being auctioned.
However, the winners won't be known until the entire Federal Communications Commission auction ends, a process that could take several more weeks. The auction began Jan. 24. To retain the open-access conditions on that spectrum, a minimum $4.6 billion bid was required.
The FCC is selling off the spectrum that's being freed as part of the switch to digital television in February 2009. The airwaves are considered especially valuable because the frequencies travel long distances and can easily pass through walls.
More than 214 bidders had qualified for the auction, although only a handful were expected to bid on that section with the open-access provision.
Google had lobbied hard to make open-access conditions part of the spectrum. The spectrum could make high-speed wireless Internet service more competitive with cable and DSL.
Source: AllHeadlineNews.com