700 MHz Nets Feds $19.59B

Stacey Higginbotham, Wednesday, March 19, 2008 at 9:29 AM PT Comments (3)

The 700 MHz auction ended yesterday, and the $19.59 billion going to the Treasury looks like a lot until you realize the government’s total budget is $2.9 trillion. But now the waiting (and speculating) can begin. What will happen with the failed auction for the D block, which had been allocated for public safety? Who paid the $4.75 billion for the C block — Verizon, Google (not likely) or AT&T? What will an “open network” look like? As in life, the answer to one question often leads to many more.

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3 trackbacks so far

March 19th, 2008
11:58 AM PT

[...] And simply to quote one of the folks who’ve reported it, Stacey Higginbotham at GigaOm; [...]

March 20th, 2008
12:55 PM PT

[...] to the nation’s wireless infrastructure, the 700MHz auction came to a close this week after raising $19.59 billion. Much like a political election, the incumbents won, and talk of change will likely remain just [...]

March 20th, 2008
1:09 PM PT

[...] to the nation’s wireless infrastructure, the 700MHz auction came to a close this week after raising $19.59 billion. Much like a political election, the incumbents won, and talk of change will likely remain just [...]

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