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Article: Industry Giants Slyly Dominate L.A. Wireless Auction.(Cellco Partnership, Alaska Native Wireless LLC, Salmon PCS)(Brief Article)(Statistical Data Included)
- Article from:
- Los Angeles Business Journal
- Article date:
- February 5, 2001
- Author:
CopyrightCOPYRIGHT 2001 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Wireless carriers bid fiercely for Los Angeles airspace at the recent Federal Communications Commission spectrum auction and raised $1.5 billion for the U.S. Treasury, but local consumers could be the unwitting losers in the long run.
In total, the FCC raised a record-breaking $16.86 billion for the Treasury in its auction of 422 licenses covering 195 markets across the country.
The most lucrative L.A. license netted the government $514 million, and the city's total was second only to New York City, where licenses fetched more than $2 billion.
More available airspace in a market like L.A. is supposed to facilitate, beefed up wireless networks, ...