Bidding in FCC’s C- and F-block PCS auction reached $16.7 billion...
Bidding in FCC’s C- and F-block PCS auction reached $16.7 billion after 67 rounds Thurs., with Verizon Wireless maintaining wide lead of $8.6 billion in total bids. Alaska Native Wireless, which is designated entity with AT&T Wireless investment, followed…
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with $2.9 billion, Cingular Wireless-backed Salmon PCS with $2.5 billion. After top 3, bidding has remained at much more modest levels, with Cook Inlet/VoiceStream GSM having $505.1 million in net high bids, VoiceStream PCS with $475.1 million, DCC PCS with $418.3 million and Leap Wireless International with $341.2 million. Auction of 422 PCS licenses began Dec. 12 and is expected to end shortly.