Airwaves sale grosses $13.9 billion

AIRWAVES SALE GROSSES $13.9 BILLION
[SOURCE: Reuters, AUTHOR: Jeremy Pelofsky]
The Federal Communications Commission's sale of airwaves for advanced wireless services grossed a record $13.9 billion when it ended on Monday, and spectrum-hungry wireless carrier T-Mobile USA, Verizon Wireless and a group of cable companies were the highest bidders. The U.S. Treasury will net about $13.7 billion from the FCC sale because the agency gives discounts of up to 25 percent to smaller companies to encourage their participation. Payments will likely be due next month. The winning companies are expected to use the airwaves to expand and improve existing voice services as well as expand their high-speed Internet and video services.
http://today.reuters.com/news/newsArticle.aspx?type=technologyNews&storyID=2006-09-18T222400Z_01_WAT006258_RTRUKOC_0_US-TELECOMS-WIRELESS-AUCTIO...

* FCC'S ADVANCED WIRELESS SERVICES (AWS) SPECTRUM AUCTION CONCLUDES
http://hraunfoss.fcc.gov/edocs_public/attachmatch/DOC-267467A1.doc

* Wireless Auction Ends With $13.9 Billion Dollar Payday
http://www.broadcastingcable.com/article/CA6373206.html?display=Breaking+News

* T-Mobile Leads Wireless Auction
http://www.multichannel.com/article/CA6373210.html?display=Breaking+News

* U.S. Closes Lucrative Airwaves Auction
http://www.nytimes.com/2006/09/19/technology/19spectrum.html

* FCC License Auction Gets Big Bids
http://online.wsj.com/article/SB115862920521567087.html?mod=todays_us_marketplace

* FCC Wireless Auction Could Open Up Airwaves
http://www.washingtonpost.com/wp-dyn/content/article/2006/09/18/AR2006091801328.html