Submission + - FCC decides 4.6 billion minimum bid for Spectrum (wired.com)
ChainedFei writes: From Wired News, In a surprising turn for the Spectrum auction, the FCC have stated that the minimum bid for the C-block spectrum being offered in the auction will be $4.6 billion, which coincidentally was the amount that GOOG fronted as a minimum bid to endorse certain open standards for the spectrum being sold.
It is essentially a move to shut out smaller possible competitors while also maximizing the money the auction will generate for the grade-A areas of the spectrum. In addition, any single bidder wishing to purchase the entirety of the spectrum must front a minimum of $10 billion.
It is essentially a move to shut out smaller possible competitors while also maximizing the money the auction will generate for the grade-A areas of the spectrum. In addition, any single bidder wishing to purchase the entirety of the spectrum must front a minimum of $10 billion.
