from the they-aren't-making-any-more dept.
Apu writes "Having received bids totaling $19.5 billion over 260 rounds of bidding, the FCC has announced the closing of Auction 73. The Chairman's statement notes that the auction has "raised more money than any [FCC] auction has ever raised" besting the 2006 Advanced Wireless Service-1 auction that raised $13.9 billion and topping the $10.6 billion Congress estimated it would receive for the 700 MHz spectrum. The New York Times reports that "the last bid in the auction was $91,000 for frequencies around Vieques, Puerto Rico." According to the FCC, "eight unsold licenses [...] remain held by the FCC and will again be made available [...] in a future auction." This includes the "D block" which was to be shared by commercial and public safety users and only received a single $472 million bid, below the $1.3 billion reserve price. However, as previously reported, the open access provisions will apply to one-third of the auctioned spectrum as the minimum $4.6 billion bid for the "C" block was received. The names of the winning bidders have not yet been made public."
Humanity has the stars in its future, and that future is too important to be
lost under the burden of juvenile folly and ignorant superstition.
- Isaac Asimov