Thursday, March 20, 2008
Verizon & AT&T Win Government Airways Auction
The auction for cellphone airways space, overseen by the Federal Communications Commission (FCC), attracted a record $19.6 billion in bids. The top two bidders were the nation's two largest cellphone carriers: Verizon and AT&T. Verizon Wireless, a joint venture between Verizon Communications and the British telecom giant, Vodaphone Group.