Auction Must Raise at Least $10B for Federal Treasury, Programs Including DTV-to-Analog Converter-Box Coupons
By John Eggerton -- Broadcasting & Cable, 1/25/2008
After three rounds of bidding, 1,030 bidders ponied up $3.03 billion for five blocks of beachfront spectrum being reclaimed from analog-TV broadcasters in the switch to digital.
The bidding is anonymous, but a new minimum bid of $1.493 billion was placed on the package of licenses covering 50 states (the so-called C block) that companies like Google are eyeing for a possible new network that could deliver wireless Internet.