A venture led by Microsoft co-founder Paul Allen has applied to bid in an upcoming U.S. auction of coveted wireless airwaves.
Allen was listed with an entity called Vulcan Spectrum LLC among the applicants who filed to bid in the Federal Communications Commission auction of 700-megahertz spectrum, which is scheduled to begin on January 24.
Allen heads an investment company called Vulcan Capital and is also a majority shareholder in U.S. cable operator Charter Communications…
A Reuters search of the documents did not turn up any application by EchoStar Communications Corp. There was speculation earlier this month that the satellite television operator might apply to enter the auction…
The suspense is killing me…sort of.
Gee, I’d like to submit a bid too !
The article leaves me a bit confused so, I guess I need do more research. I’ve always assumed thse things were pretty much done deals before the deals were done.
Politics.
Could someone explain to me why the FCC happens to “own” the frequencies being auctioned. Well I say the people own the frequencies and the billions should be distributed to the citzens of the US. Is’nt the FCC just a regulatory enforcement agency. All of a sudden they declare that they own a portion of the electromagnetic spectrum and that they are going to auction portions of it to the highest bidders for billions.