700MHz spectrum auction ends
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The controversial 700MHz spectrum auction has closed, raising $19.59 billion, a record for a spectrum auction in the U.S., the U.S. Federal Communications Commission said Tuesday. The FCC, however, failed to sell off a swath of spectrum that was set aside for a public safety network. That block did not receive a bid that met the FCC’s $1.3 billion reserve price. The agency is evaluating its options for the spectrum, it said.
The 700MHz auction was the first to require anonymous bidding, and the FCC has not yet revealed which companies won the rights to the bands that were sold. While Google was instrumental in pushing the so-called open-access rules for the auction, it is still unknown if the search giant bid for or won any of the licenses.
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