FCC auction of 600MHz spectrum finally comes to an end with $19.63 billion in winning bids
T-Mobile, which will probably turn out to be one of the biggest spenders in the auction, filed papers with the FCC last summer claiming that the 39-month timetable gives the broadcasters enough time to move off the spectrum and onto new channels. The nation's third largest carrier is hoping to have some of the spectrum it expects to win, up and running by the end of this year.
Carriers like AT&T and T-Mobile were rumored to be raising war chests of $10 billion and $8 billion respectively. Cable operator Comcast and satellite content provider Dish Network were said to be bidding in order to become wireless operators. Despite all of the money talked about, the winning bids added up to $19.63 billion, which was far short of the $45 billion that the FCC expected. Some analysts predicted that the auction would generate nearly $85 billion in winning bids for the airwaves.