A Blockbuster Wireless Auction

[Commentary] The eye-popping bids in the current auction of wireless frequencies by the Federal Communications Commission are a testament to soaring demand for mobile Internet service. The superheated bidding provides fresh evidence that the telecommunications industry is thriving despite protests by executives at companies like Verizon and AT&T that they are being stymied by regulation. Wireless frequencies are becoming more valuable and why the government should make sure spectrum is used efficiently.