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Wireless Spectrum Winners Are Revealed; Google Bids But Verizon Wins

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The FCC finally unveiled the winners of the federal spectrum auction that closed earlier this week and raised a record-breaking $19.6 billion. The FCC said Verizon Wireless (NYSE: VZ) was one of the biggest winners, paying $4.7 billion for the C-block, which will require Verizon to build a network that will provide open access to devices and applications. The high-profile auction received a lot of attention because it provided a way for a newcomer to enter the wireless market. But most of the winners were incumbents, such as Verizon Wireless and AT&T (NYSE: T). The FCC confirmed that Google (NSDQ: GOOG), which lobbied hard to get the open-access provisions, did not win any licenses. The closest newcomer, which did win licenses, is Echostar (NSDQ: DISH) Communications, the satellite TV provider, which bought enough to provide the company with a nearly nationwide reach.

More details at our sister site mocoNews.net.

For results on the FCC Web site, click here and then on