US economics changes wireless spectrum auction
The U.S. government wants $14 billion (USD) or more for the wireless spectrum that will be freed next year with the final changover to digitial television. It seems that the subprime crisis, combined with other economic factors, may make it hard for startup companies to compete. Frontline Wireless, which wanted to build an innovative cellular network for both private use and local public safety agencies, has collapsed because it could not raise enough money to bid in the government auctions of wireless spectrum that start later this month.
The news means established companies and new competitors such as cash-loaded Google will no doubt dominate the wireless auction.
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