Codebreaker

Spectrum auction is finally on track

Marc Sanchez Feb 16, 2012

If you’ve even casually glanced at one of our memos or blog posts in the last year, you know that wireless carriers are in a mad scramble for spectrum. They need these frequency bands to run the LTE networks that will carry the information for our data-hungry phones and tablets. Wireless carriers don’t often agree with each other, but they have come together begging the Government to auction off spectrum that it’s been holding on to since the switch to digital TV freed up the frequencies. And written into yesterday’s payroll tax-cut extension, is the auction that they’ve all been clamoring for.

From the Wall Street Journal:

A portion of the auction proceeds would help cover the cost of extending jobless benefits, which is also part of the payroll-tax legislation.

No word on when the auctions will actually take place, but if I’m not mistaken, that gust of wind blowing through my hair was caused by the huge sigh of relief from wireless lobbyists.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.