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Now we know the winner (or something like it)

So after I wrote “there’s no indication of when we’ll find out who the [tag]FCC[/tag] [tag]spectrum auction[/tag] winners] are”, some information about the winning bidders has been announced. That should teach me not to trust the New York Times, but it is probably way too late for that to happen.

Anyhow, the highlights of the results according to a press release on the FCC site are that:

  • “[tag]Verizon[/tag] [tag]wireless[/tag] was the major winner in the C block”;
  • “A winner other than the nationwide incumbent won a license in every market”; and
  • “[tag]Frontier Wireless[/tag] LLC (Echostar) … won 168 licenses in the E block to establish a near nationwide footprint”.

Quotes taken from the 20th March “Statement by Chairman Martin”.

You can find the Times’ take on it here.

This entry was posted on Friday, March 21st, 2008 at 00:20 and is filed under Financial Markets, Mechanism design. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Now we know the winner (or something like it)”

  1. Peter says:
    21 March 2008 at 00:57

    I had wondered why the winner was not announced, but the amount was. Presumably the company which bid this amount would know, and those which had not would also know they had not. So everyone who participated in the auction would know their own status, even if only one participant knew who the winner was (itself).