US Wireless Spectrum Auction Raises $44.9 Billion

An anonymous reader writes: The FCC's recent wireless spectrum auction closed on Thursday, and the agency has raked in far more money than anyone expected. Sales totaled $44.89 billion, demonstrating that demand for wireless spectrum is higher than ever. The winners have not yet been disclosed, but the FCC will soon make all bidding activity public. "The money will be used to fund FirstNet, the government agency tasked with creating the nation's first interoperable broadband network for first responders, to finance technological upgrades to our 911 emergency systems, and to contribute over $20 billion to deficit reduction. In addition, the auction brought 65 Megahertz of spectrum to market to fuel our nation's mobile broadband networks. The wireless industry estimates that for every 10 Megahertz of spectrum licensed for wireless broadband, 7,000 American jobs are created and U.S. gross domestic product increases by $1.7 billion."

Comments

Always Check the Source

[Anonymous Coward]

The wireless industry estimates that for every 10 Megahertz of spectrum licensed for wireless broadband, 7,000 American jobs are created and U.S. gross domestic product increases by $1.7 billion

I estimate that for every million dollars I receive, I create 8,000 American jobs and increase gross domestic product by $3 billion. They should talk to me before spending all the money they got from this auction.

Spectrum

[wonkey_monkey]

Yellow everybody. Let's hope those who lost out in this auction aren't feeling blue about it. It'd be understandable to be green with envy, sure, but I hope no-one's seeing red, because the last thing we want is for things to turn violet. Orange you glad this hasn't happened? Best just to heave a cy-an move on.