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January 31, 2008

700MHz Block C hits reserve price: open access becomes a reality

Via Ars Technica:

After 17 rounds, the 700MHz spectrum auction has finally hit its one of its most closely watched targets: bidding on Block C has surpassed the Federal Communications Commission's mandated $4.638 billion reserve, meaning that the FCC's mandated open access rules will come into play. Bids on the block of spectrum totaled $4.744 billion after Round 17.

The auction rules require anonymous bidding, but it's speculated that among the three major players, AT&T, Verizon and Google, Google will drop out now that the reserve has been met.

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