700MHz auction fails to produce 'third-pipe' broadband operator

With the results of America's 'hundred-year auction' now known it's good news for the Treasury and the two dominant telcos, but for consumers it's more of the same with no guarantee of increased competition in the broadband market.

After 65 days and 261 rounds of bidding the 700MHZ auction raised a record US$19.592 billion for 1090 licenses, or nearly twice the $10 billion reserve price set by the Federal Communications Commission (FCC).

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