Wireless Auction Ends, Winners In Waiting Game

raising a record $19.59 billion

[engine]

A U.S. government auction of wireless airwaves ended on Tuesday raising a record $19.59 billion, but winners of the valuable spectrum were not immediately identified. Analysts view Verizon Wireless, a joint venture of Verizon Communications Inc and Vodafone Group Plc, as the most likely winner of a nationwide piece of the airwaves called the "C" block that attracted a $4.74 billion high bid.

"This is spectrum that's obviously ... very valuable -- will be critical to trying to provide additional wireless broadband services," Federal Communications Commission Chairman Kevin Martin told reporters after the auction ended.

Wireless Auction Ends, Winners In Waiting Game [reuters.com]

Watch this space for announcement of the winners.

[Demaestro]

Interesting, there is a Canadian one coming up soon. I do work for a company raising money for it now.

Hopefully this added competition will bring down our rates in North America. Canada is the worst for cellular rates.

[jtara]

They should have hired eBay to run the auction. We'd know who won, and the losers could "buy it now".