700 MHz auction rings up $2.4B in first-round bids (RCRNews.com)

“An unfortunate combination of tight credit markets and bad policy choices is likely to result in the biggest incumbent wireless carriers acquiring the lion’s share of licenses in today’s big auction of TV band airwaves,” said Michael Calabrese, director of the Wireless Future Program and VP at the New America Foundation. “The FCC imposed multi-billion reserve [minimum] prices on the spectrum, which will shut out all but the biggest companies, resulting in no new competition.”

Calabrese added: “The auction’s major wild card is Google. Even if Google is outbid in the end, they could transform the wireless marketplace by bidding at least $4.6 billion, the reserve price that triggers open access and consumer choice conditions that the FCC has imposed on the winner of the largest, nationwide block of spectrum [the C Block]. Google's bidding behavior will determine if this auction opens wireless networks so that consumers have a choice of devices, software and content in the future.”