FCC Cashes In on Spectrum Auction
After two months and 261 rounds of bidding, the FCC announced Tuesday that it has raised a total of $19.6 billion from the sale of the U.S. wireless spectrum. The revenue, slated to fund "public safety and digital television transition initiatives," is nearly double what Congress had previously estimated for the publicly owned spectrum.
After two months and 261 rounds of bidding, the FCC announced Tuesday that it has raised a total of $19.6 billion from the sale of the U.S. wireless spectrum. The revenue, slated to fund “public safety and digital television transition initiatives,” is nearly double what Congress had previously estimated for the publicly owned spectrum.
Rock Solid JournalismAgence France-Presse via Yahoo:
The US government has announced it has raised a record 19.6 billion dollars in an auction as bidders sought a prime segment of the US wireless spectrum.
Federal Communications Commission (FCC) chairman Kevin Martin said in a statement late on Tuesday that the 700 MHz auction that began on January 24 had closed Tuesday after 261 rounds of bidding.
Martin did not identify the companies which had bid for the licenses for the 1,099 frequencies in the 700 MHz spectrum being abandoned as television broadcasters complete a federally-mandated switchover from analog to digital by early next year.
In 2026, amid chaos and the nonstop flurry of headlines, Truthdig remains independent, fact-based and focused on exposing what power tries to hide.
Support Independent Journalism.
To add insult to lethal injury, Zimmerman responded to questions on how Trayvon Martin's family might feel about the gun auction by criticizing their parenting. To add insult to lethal injury, Zimmerman responded to questions on how Trayvon Martin's family might feel about the gun auction by criticizing their parenting.
Low-income D.C. residents -- many of them retirees -- have been losing their homes under a program in which tax rights are sold to private investors who add mind-boggling fees and then foreclose when they aren't paid. And it's all legal.
The promised $70 million project to quicken Cuba's Internet connection speed was never delivered; German voters are on Angela Merkel's side when it comes to the European economy; meanwhile, a vial with Ronald Reagan's blood is being auctioned, along with one of Scarlett Johansson's used tissues. These discoveries and more after the jump.
It's one of the most widely recognized images in art, and now one of four versions of Edvard Munch's archetypal image of modern angst is going on the block at Sotheby's New York auction house with an expected selling price of $80 million or more.
These are strange times in British culture, what with all the Wills-and-Kate worship set against the backdrop of turmoil over austerity measures and a faltering economy, plus the recent news that the terms of Old Blighty's outworn monarchical system are being updated to pander slightly less blatantly to the old boy's club (more).
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.