The auction of spectrum for in-flight services claimed more casualties: Unison Spectrum, AMTS Consortium and Intelligent Transportation & Monitoring Wireless dropped out of the auction. Bids have now reached more than $28 million for the larger of two licenses at auction, and these companies appeared to have reached their limits. Verizon dropped out of the auction last week. Four players remain in the auction. Most recently, the bidding was led by AC BidCo, which offered $28.4 million for one license. You have to wonder if the winning bidders can make a return on their investments.
To read more about the in-flight auction of spectrum:
- take a look at this article from The Wall Street Journal (sub. req.)