700 MHz auction: Clearwire won't bid; VZW will

Clearwire filed a document with the SEC stating that it will not bid in the upcoming 700 MHz auction in January, but the company did not give a reason for the decision to abstain. Potential bidders in the auction had until Monday to file their petition to bid, however, FCC rules prohibit potential bidders from discussing their plans for the auction. Before filing, Google announced it's intent to bid in the auction. Verizon Wireless and AT&T executives have also noted that their companies plan on bidding, too. Cox announced its intent to bid yesterday, while Comcast and Time Warner both made it clear that they would not participate in the spectrum auction.

For more on the auction in January:
- read this article from the AP

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