Spectrum Auction Update: 1,030 Bidders, $3.03B After Three Rounds

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.

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