700MHz Frequency Spectrum Bidding Ends

The 700MHz frequency spectrum auction, which begun on January 24th of this year, has finally ended. When I called the FCC a few weeks ago, they told me that it could “end tomorrow, or in a year.” According to Bloomberg, the final bidding hit $19.6 billion, which is quite close to the original $20 billion projection by industry analysts. Unfortunately, the FCC is still mum on who won the whole thing, but the area we’re most interested in is the famous “C-block” section of the 700MHz spectrum which allegedly sold for $4.74 billion. That’s because this is the area where the likes of AT&T, Google, and Verizon Wireless were battling with fat wallets to expand (or create) wireless networks. We’ll keep you updated as winners are announced and as more information flows in.