Auction 73: Winding Down?

A closely watched auction of the airwaves needed to build a wireless network may be winding down — and the outcome bears faint resemblance to what analysts were expecting. For starters, the Federal Communications Commission has so far received nearly $19 billion in total bids, compared with $15 billion to $18 billion that Wall Street had forecast. What's more, an open wireless network expected to be built using a chunk of the spectrum being auction may look quite differently than expected previously.

A closely watched auction of the airwaves needed to build a wireless network may be winding down — and the outcome bears faint resemblance to what analysts were expecting. For starters, the Federal Communications Commission has so far received nearly $19 billion in total bids, compared with $15 billion to $18 billion that Wall Street had forecast.

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