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Like an eBay(s ebay) listing for a vintage Def Leppard concert T-Shirt, the Federal Communications Commission’s first spectrum auction in six years reached its reserve price of $1.56 billion and then promptly came to a halt with no further bids. Given the lack of carrier interest in Auction 96 and the 10 MHz of PCS spectrum it offered, the lackluster result is hardly a shock. Nor are we likely going to be surprised by the winners when the FCC announces them next month. Dish Network(s dish) had promised to bid the reserve price for this spectrum, and barring any surprises, it likely ran away with these airwaves.