Wireless firms win airwaves auction
March 22nd, 2008
The top bidders in the recently completed airwaves auction have been announced and the nation’s top cell phone companies won big.
Top bidders named Thursday included AT&T Inc. (ATT) and Verizon Wireless (VZ, Fortune 500), the nation’s two biggest cell phone carriers, dampening hopes that the auction would dramatically increase competition.
Google Inc. (GOOG, Fortune 500) was not among the winners, meaning the company will not be entering the cellular telephone business.
The auction, overseen by the Federal Communications Commission, set a record, raising $19.6 billion payday loan online. Bidders were anonymous, but the agency released the names Thursday.
Filed under: marketing by Wolf