Airwaves auction bids top $2.8 billion
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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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Bidding begins on Thursday in a crucial auction of government-owned airwaves that is expected to help set the future course of the U.S. telecommunications business.
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A bidder on Thursday offered $4.71  billion for a key piece of wireless airwaves being auctioned by  the U.S. government, surpassing a minimum bid requirement and  triggering a condition that the spectrum be accessible to any  device or software application.
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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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An anonymous bidder has met the reserve price for the so-called C-block of 700 MHz in the FCC's ongoing auction, virtually guaranteeing that the FCC's open-access conditions will be met. Open-access advocates greeted the news with mixed reactions.
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The bidding topped $3.7 billion on the second day of the Federal Communications Commission's auction of government-owned airwaves, but there were no new suitors Friday for a closely watched block of spectrum to be shared with public safety agencies.
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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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Within weeks, the U.S. Federal Communications Commission is expected to set conditions for the auction of the most valuable wireless spectrum still available in the United States.
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The U.S. Federal Communications  Commission on Thursday received the first bids in an auction of  valuable 700-megahertz wireless airwaves.
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Online auctioneer eBay  Inc. said on Tuesday it is ready to begin auctioning  advertising airtime on 2,300 participating U.S. radio stations,  expanding on an existing plan to sell cable television ads.
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At the close of the first full day of&#160;bidding for 700MHz wireless spectrum&#160;Thursday, the Federal Communications Commission reported nearly $2.8 billion in provisional winning bids.
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Investor's Business Daily - It's close but no cigar for Google in the Federal Communications Commission's much-anticipated auction of public airwaves, a process that could enable a new wave of wireless devices and services.
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The FCC's online spectrum auction opened this morning with more than 1,800 bids made in the first round at prices ranging from $500 to more than $1 billion for various airwave licenses.
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On Thursday, the government begins auctioning airwave space cleared by the impending transition from analog to digital broadcasting.
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A bidder on Thursday offered $4.71  billion for a key slice of wireless airwaves being sold by the  government, triggering a condition that the spectrum be  accessible to any device or software application.
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The U.S. sale of airwaves for   advanced wireless services grossed a record $13.9 billion when   it ended on Monday, and spectrum-hungry U.S. wireless carrier   T-Mobile USA topped the bidding by offering almost $4.2 billion   for 120 licenses.
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The U.S. sale of airwaves for advanced wireless services grossed a record $13.9 billion, and spectrum-hungry wireless carrier T-Mobile USA, and a group of cable companies were the highest bidders.