Airwave bids total $19.6 billion
From Times Wire Services
The most lucrative airwaves sale in U.S. history ended with bids totaling $19.6 billion, underscoring demand from AT&T; Inc. and Verizon Wireless for spectrum that will bolster Internet services on mobile phones.
Revenue from the auction came in near the top of analysts’ projections for as much as $20 billion. The Federal Communications Commission didn’t disclose the winners of the 1,099 licenses.
