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Technology Stocks : The New Qualcomm - a S&P500 company

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Nov 21 9:30 AM EST

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To: walterenergy who wrote (4902)	1/7/2000 4:33:00 PM
From: slacker711	Read Replies (2) of 13582

All kinds of new spectrum going up for bid....MSFT is mentioned as a possible bidder. totaltele.com U.S. FCC Sets Rules For New Wireless Auction By Aaron Pressman, Reuters 07 January 2000 Wireless communications companies large and small will be allowed to bid in a high-stakes auction for new airwave licenses later this year, the Federal Communications Commission said on Thursday. But although Congress ordered the agency to hold the auction this year, in many parts of the country winning bidders will not be able to offer service until 2007. That is because the airwaves are currently in use to carry television channels 60 to 69. Companies that win new licenses and want to offer wireless high-speed Internet access or other services will mostly have to wait for TV stations to convert to digital technology. Only in areas where no stations use the upper channels - or where the digital transition goes faster than expected - will companies be able to offer service sooner. Unlike some previous wireless auctions, the FCC said it would allow major companies like Bell Atlantic Corp. and AT&T Corp. that already own airwave licenses to participate. Major companies not currently offering wireless service, including Microsoft Corp. , have also expressed interest in the new licenses, FCC officials said. Winning bidders will be allowed to offer a variety of communications services, ranging from high-speed Internet access to broadcast entertainment or ordinary wireless phone service. A total of 30 megahertz of spectrum will be auctioned, equivalent to the amount of airwaves consumed by five television channels. The licenses will divided into six gigantic regional blocks around the country. In each area, the agency will auction one 20 megahertz license and one 10 megahertz license, but companies can acquire both blocks in the same area. The new licenses will not be counted under the FCC's spectrum cap that prohibits companies from owning more than 45 megahertz of airwaves for telephone and paging services.

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