COPYCENSE

"Almost $1 billion in bids were made on Wednesday on the opening day of a U.S. government auction of valuable wireless airwaves, with companies fighting hard for the Los Angeles market.

"After four rounds of bidding, $974 million had been bid for airwaves that could be used by carriers to offer new services like high-speed Internet access, as well as to improve service quality. Four of 35 bidders dropped out of the competition for 242 licenses.

"Some of the licenses put up for sale by the U.S. Federal Communications Commission are limited to bids from small entrepreneurs, so larger carriers have formed partnerships or other arrangements to gain access to those airwaves."

Reuters.Wireless Auction Bids Hit $974 Million–So Far. News.com. Jan. 26, 2005.

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