700MHz "C" block receives $1.24 billion opening bid -- $3.36 billion to go for open-access
According to Reuters, the 700MHz "C" Block has received an opening bid of $1.24 billion. Unfortunately, a minimum bid of $4.6 billion is required to trigger the open-access rule. The rule which requires the victor to open that long-propagating and basement-penetrating spectrum to any and all mobile devices and software applications. It's so important that Google, Verizon, and others have been battling over it even before the FCC auction began. No worries, the auction has several weeks to go. If no one else steps up, Google is on-deck with that minimum bid.
