US News: $1.24bn bid for 700 MHz auction C Block
The FCC's 700 MHz spectrum auction kicked off yesterday, with 214 qualified bidders expected to compete for various 700-MHz band licences, including Verizon, AT&T and Google.
The results of the first round are in, and Reuters reports that the 700 MHz C Block received an opening bid of $1.24 billion.
The rounds will continue until there are no more bids.
According to wired.com, the auction could rake in up to $30 billion.
In an effort to eliminate potential complicity between bidders, the FCC will not disclose who placed what bids, and the winners and losers will remain unknown until the auction is officially over.
-
Automakers may Limit Connected Car Functions in Chip Drought The global semiconductor shortage could force automake… twitter.com/i/web/status/1…
-
Stellantis, CEO Tavares Close Books on Strong First Half Since its introduction in March, the Jeep Wrangler 4xe has… twitter.com/i/web/status/1…
-
Auto Loans, Lease Originations Soar in Second Quarter “There is an increase in both the number of loans and the siz… twitter.com/i/web/status/1…
-
Autoline Daily 2021: Top Industry News for Aug. 3 BMW Warns of Volatile 2nd Half; Bridgestone Getting Into Mobility… twitter.com/i/web/status/1…
-
Lidar Fast Becoming the Future of Vehicle Safety Lidar should work hand in hand with cameras and radars to safeguar… twitter.com/i/web/status/1…