First Round of 700 MHz Spectrum Auction Totals $2.4b

January 26, 2008 – 3:50 pm

We have a long way to go, but the first round of the FCC’s 700 MHz spectrum auction fetched bids totaling $2.4 billion.

None of the prices have yet reached the FCC’s reserves, and the auction’s close is still many weeks away.

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