Wireless-spectrum bidding reaches record $15.6 billion

02/1/2008 | Yahoo!

Bidding in the FCC's wireless-spectrum auction stood at a record $15.6 billion Thursday as a key milestone was reached that will allow subscribers greater choice in choosing handsets and software on some of the publicly owned spectrum. A bid on the open-source frequencies came in at $4.7 billion, and the FCC has received one offer for a block of spectrum designated for creation of a national public-safety network.

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