FCC's airwaves auction has begun by Milota Sidorova

One of the most regarded actions in the world of wireless networks has started this Thursday. An federal airwaves auction, run by the Federal Communications Commission is expected to pump at least $10 billion for the government. The auction's time limit is expected to last from four to eight weeks, while anonymous bidding. The winner, known at the end should create a new national wireless service, emerging the preparations in late 2009. Among the total number of 214 challengers, figure Google (GOOG), the online search giant, telecommunications companies AT&T (T) and Verizon (VZ) as well as private investor Paul Allen, Microsoft's (MSFT) co-founder. The feature of the low frequency 700 megahertz band that make them so attractive is, that its signals can reach long distances, penetrate walls, while carrying a lot of data. It means the advantage of reducing costs for the installing new antennas. Kevin Martin, Chairman of FCC claims that these airwaves could be the building blocks for the new generation of wireless broadband. He also quoted that he wasn't sure about the timing of an auction, but they were required to hold it by law. The impact of new universal wireless network service for the customers should promote better availability of broadband Internet service to rural areas and more vivid video transition in cities. The condition of FCC also declares that the services of those airwaves to any handset or software a subscriber wants to see. According to the Federal Communications Commission, an auction took its second-round this morning and the bids are currently about $2.78 billion. They also claimed that the bid offers rose up 15 percent from a previous round.

related story: http://news.yahoo.com/s/usatoday/20080124/tc_usatoday/googlecouldcauseastirinfccsairwavesauction;_ylt=ApFBRJGiCHvTx4zS3FGzh7ys0NUE

by Milota Sidorova for PocketNews (http://pocketnews.tv)

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