Google Begins Bid for 700Mhz
30 11 2007
The bidding for the 700MHz spectrum will begin on January 24 and search giant Google is definitely set to make a go at it.
Engadget quotes Google Chairman and CEO Eric Schmidt:
We believe it’s important to put our money where our principles are. Consumers deserve more competition and innovation than they have in today’s wireless world. No matter which bidder ultimately prevails, the real winners of this auction are American consumers who likely will see more choices than ever before in how they access the Internet.
It will take you $4.6 billion just to be considered on the open access C Block auction. The 700Mhz spectrum is Google’s door to the wireless business. Apple was also rumored to be interested in the spectrum but has made no formal announcements.
[via engadget]
Thomas replied on Nov 30th, 2007 at 11:43 pm
I wish i had $4 billion… it will probably go for $15billion… any other guesstimates?
BrianB replied on Dec 2nd, 2007 at 5:45 am
No idea really. But I think Google will be investing for the long term and I mean Web 3.0, and money is definitely a minor issue here.