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Republican lawmakers say Google "gamed" 700Mhz auction
Google's plan in the 700MHz auction drama was never much of a secret: it was always assumed that the search giant would bid enough to trigger the open-access provisions, but wasn't really interested in winning, and sure enough, the company confirmed that strategy when the bidding wrapped up. Of course, news travels slow in our nation's capital, and word of Google's dastardly plan to make sure the FCC's open-access rules were triggered is apparently shocking news to a handful of Republicans, who characterized it as "gaming the system," and asked FCC chairman Kevin Martin if the agency had been "duped." Newsflash to Reps. Fred Upton (R-Mich), Cliff Stearns (R-Fla) and John Shimkus (R-Ill): the FCC, Google, and Verizon argued about this for months and analysts had a field day, remember? And then Verizon gave up the lawsuits, went crazy on the open tip, and won the auction anyway. Of course, if Verizon hadn't won, Google would have had to make good on that $4.6B bid, which isn't exactly chump change. So, who gamed what? If anything, the FCC's coffers got a little fatter than they would have otherwise, and we're pretty certain consumers will benefit from open-access, so, uh, you guys want to stop wrecking the party now? Cool.[Thanks, Scott]
700MHz auction comes to a $19.6B finish, winners still not revealed
Hear that? Yeah, that's the fat lady -- the 700MHz auction is over today, and the FCC netted $19.6B for the 1,099 licenses it put on the block. It's still not known who placed the winning $4.75B bid for the lucrative open-access 50-state C-block (probably Verizon) but hopefully we'll find out soon. There was a ton of regional action as well: a package of licenses for spectrum in Chicago went for $892.4M, another set for Newark and NYC went for $884.7M, and LA's two sets of 700MHz airwaves cost some lucky punter giant corporation $580.3M and $484M -- and if you'd scraped together $17K, you would be the king of the airwaves in American Samoa. Sadly, no one met the reserve for the public-safety D-block, so it looks like Uncle Sam's going to have to toss it in the back of the van and schlep it the old fashioned way. We doubt we'll know for sure who's got what until the gray suits manage to verify everything and make sure all the rules were followed, but it's still an historic day -- and remember, we've got all the info on what this could mean in the future right here.Update: The FCC says we'll know who won what within 10 days -- it's just like waiting for Santa, only instead of a fat man giving you presents, it's a vast government bureaucracy giving major corporations thin air![Thanks to everyone who sent this in]
