Google Plans to Bid 4.6 Billion on 700MHz Band

NickCatal writes "The Wall Street Journal is reporting that Google plans to bid $4.6 Billion on the 700 MHz radio spectrum being auctioned off by the FCC. What is most interesting is that they are not planning on partnering with other companies to raise the cash, they are going to spend their own cash and possibly borrow some. With partners such as Sprint Nextel and T-Mobile in their 'Open Handset Alliance' is this a sign that they are willing to directly compete with the people they courted to join?"

Comments

Re:f me thats a lot of money

[Nexus7]

> Do even Google have this kind of cash?

I think Sergey is going to sell 100 shares.

Re:Shocking!!!

[Colin Smith]

How is this a story again?

Because if you bid $4,600,000,000.01 you get the license and not Google.