US auction breaks financial records but will it achieve FCC objective?

The results of the FCC's 700MHz auction are likely to be a 'mess' according to one analyst because it is unlikely to fulfil its original promise of creating the next generation of broadband services.

A month into America's spectrum sale of the century it's still rolling along but the fate of all the important national and regional licenses up for sale, is already decided. However because of the rules of the 700MHz auction the names of winning bidders will not be made public until all bidding activity has ceased on all of the 1,099 licenses on offer.

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