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Record Bids in U.S. Airwave Auction

2014-11-23 02:00:55| Telecom - Topix.net

The Federal Communications Commission's auction of wireless spectrum licenses has collected $34 billion in bids, turning what was expected to be a relatively sleepy affair into a likely windfall for taxpayers and an enormous commitment of capital for the carriers. The offers reflect the surge in wireless traffic as Americans increasingly watch YouTube videos, stream music and share photos with their iPhone and Galaxy smartphones.

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Category:Telecommunications

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