Forward mobile spectrum auction goes into reverse

Maybe it’s just a Rockford?
Well, that didn’t take long. Two hours after the Federal Communications Commission starting taking bids from mobile carriers (and, perhaps, would-be mobile carriers) for 90 MHz of television spectrum, it shut the auction down. Instead of stretching out for several bidding sessions over many days, or even weeks, the second stage of the incentive auction ended fast, and on a down note.
Mobile carriers were willing to pay $21.5 billion for the 90 MHz that was on offer.… More
 
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