700MHz auction extortion?
The FCC has agreed to look into accusations of extortion following its 700MHz wireless auction, reports say. While major blocks of the sought-after spectrum were quickly snapped up by companies such as AT&T and Verizon, the D block was largely abandoned, receiving a single $472 million bid by Qualcomm -- well short of the FCC's asking reserve price, $1.3 billion. The investigation will be headed by the FCC's inspector general, Kent Nilsson.
Frontline Exits 700MHz Bid
One of Google's major competitors in the upcoming 700MHz FCC auction has closed its doors just weeks ahead of the bidding itself, says RCR. Startup Frontline Wireless has issued a brief statement that indicated it was "closed for business" but has not explained its reason for the shutdown; the closure is believed to stem from an inability to land the $4.6 billion minimum for a bid in the auction, which is making available wireless space from analog TV that is likely to be used for long-range cellphone and Internet access.