Wireless auction raises $13.9 billion
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Wireless carriers planning to offer next-generation wireless services have bid $13.9 billion in a spectrum license auction that ended Monday, the U.S. Federal Communications Commission (FCC) said.
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AT&amp;T and Verizon Wireless want to go up against other current mobile operators and some possible future competitors, including Google, in next month&#39;s&#160;auction for 700MHz wireless spectrum&#160;around the U.S.
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Bids on the opening day of a much-anticipated auction of public airwaves totaled $2.8 billion Thursday, according to the Federal Communications Commission.
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â¢ 2004-09-20 â¢ Hutchison Whampoa Ltd has said that it would raise between $975.6 million and $1.13 billion from its initial public offering (IPO) ahead of an US and Hong Kong listing in mid-October.
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Failing to raise the $14 billion needed to bid in government auctions of wireless spectrum later this month, Frontline Wireless has left.
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A venture led by Microsoft Corp   co-founder Paul Allen has applied to bid in an  upcoming U.S. auction of coveted wireless airwaves, according  to auction documents released late on Tuesday.
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The deal, valued at $35 billion, will create a large wireless service provider to compete with wireless rivals Cingular and Verizon.
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The FCC auction of 700-MHz spectrum, which started January 24, is one of the biggest sell-offs of radio spectrum in years, and it's expected to raise at least $10 billion. Wired News explains what's at stake with this list of questions and answers.
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InfoWorld - The high bids totalled $3.2 billion in the U.S. Federal Communications Commission'sÂ auction of wireless spectrum licenses in the 700MHz bandÂ after three rounds and a day and a half of bidding.
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Top bidders put up a total of more than $2.4 billion on Thursday in the opening round of the Federal Communications Commission's auction of coveted U.S. government-owned airwaves.
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If the FCC's auction of former UHF bandwidth were to end here, it might raise over $19 billion. But with bidding activity slowing to a crawl, the Commission has one more tool in its arsenal to squeeze out some more value.
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WASHINGTON/NEW YORK  - Google Inc  said on  Friday it would take part in a major auction of wireless  spectrum airwaves, meeting a minimum required bid of $4.6  billion, if U.S. regulators added a sale condition that Google  said would promote an open wireless market.
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Bidding reached $18.55 billion on  Friday in the U.S. Federal Communications Commission's  record-setting auction of government-owned wireless airwaves,  but there were no new offers for two large, closely watched  slices of spectrum.
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Debate over February 2009 auctions of wireless spectrum has reached the U.S. presidential campaign.
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T-Mobile USA, a subsidiary of German telecommunications giant Deutsche Telekom AG, remained the only bidder to exceed $4 billion in the federal airwaves auction that added about $250 million Friday for a total of more than $13.75 billion.
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AT&amp;T and Verizon Wireless want to go up against other current mobile operators and some possible future competitors, including Google, in next month&#39;s&#160;auction for 700MHz wireless spectrum&#160;around the U.S.The U.S. Federal Communications Commission on Tuesday released lists of accepted and incomplete applications for the auction, in which it will sell licenses to frequencies that are set to be vacated by analog TV stations. It has accepted 96 applications and reported 170 as incomplete. The latter need to be completed by Jan. 4.AT&amp;T and Verizon are not surprise entrants but are the country&#39;s biggest mobile operators. If either carrier won a portion of the spectrum that has been designated for use by any device and any service, it would have to open up its network more than any big U.S. operator ever has. Verizon has already unveiled part of a plan to further open its network.They were on the list of incomplete applications, along with smaller mobile operators Alltel and MetroPCS. Cable operator Cox Communications, an archrival of the telecommunications giants, is also preparing an application. And cellular technology giant Qualcomm, which is already building a mobile entertainment network on vacated TV channels, is also gearing up to bid. Would-be bidders with incomplete applications have until Jan. 4 to complete their paperwork.Google earlier this year&#160;offered to participate in the auction&#160;in return for the FCC imposing open-network requirements. The booming Internet company&#39;s involvement could drive up bids all around, helping the government reap its hoped-for $10 billion payday for the spectrum.&#160;Google&#39;s application&#160;has already been accepted, the FCC said Tuesday. So has that of Towerstream, a wireless broadband provider to businesses.One surprise applicant yet to complete its papers is oil giant Chevron.Participation by Chevron in the auction comes &#8220;out of the blue,&#8221; said analyst Jack Gold of J. Gold Associates. However, oil companies and utilities are big wireless users, so he can see why Chevron might be interested.Chevron, like Google, is unlikely to actually build a network, though, he said. &#8220;I can see them potentially winning but then becoming landlords, renting it out,&#8221; he said. For both companies, that decision wouldn&#8217;t be based on the cost of building a network but on the experience required: Neither company has any history of constructing and operating a wireless network, a complicated undertaking.Also Tuesday, the agency extended the Dec. 28 deadline for upfront payments in the auction to Jan. 4 and pushed back a mock auction until Jan. 22. The auction itself is set to begin Jan. 24.Nancy Gohring, in Seattle, contributed to this report.
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Wireless companies are upping their technology bets.