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Upcoming FCC 700Mhz auction could generate less money than expected; Chairman Martin says auction will proceed

By: , IntoMobile
Wednesday, January 16th, 2008 at 3:07 PM

FCC 700Mhz frequency spectrum auction will proceedIt’s hard times here in the US. With the financial downturn of the US credit industry, the upcoming FCC 700Mhz frequency spectrum auction could bring in significantly less greenage into US Treasury coffers than once projected. The FCC previously speculated that the auction could generate something like $12 billion, but current analysis has put that projection in doubt.

Regardless of market-troubles, FCC Chairman Kevin Martin has announced that the 700Mhz frequency spectrum auction is bound by law to continue. We’ll be seeing the auction commence on January 24, 2008.

[Via: RCRNews]

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Will Park

Will hails from The City of Angels - Los Angeles, California. He spends his time playing with his numerous gadgets and looking forward to seeing what future holds for mobile technology. An avid promoter of a fully "digital" life, he promotes the widespread adoption of truly mobile, paper-less living. He dreams of the day when he can go completely digital. No more snail mail, paper receipts, bound books, notepads/spiral notebooks, credit cards, hard currency. He's a digital warrior - fighting for the converged life. He is an idealist and a realist - he has a perfect view of what the world should be but knows that the world is not perfect. Can we ever hope to see Will's dream become reality? We'll see...