The FCC today said that the reverse portion of its incentive auction is now complete. Bidding for 600 MHz television airwaves is over, and the cost to clear the 126 MHz spectrum target exceeded $86.4 billion. The FCC expects to begin the forward portion of the auction soon, which will see wireless companies bid on the spectrum blocks. Carriers AT&T, T-Mobile, and Verizon Wireless are participating, but Sprint is sitting out. The auction drew lots of interest from individual bidders, too. It's not clear how much the FCC expects to make from auctioning off the airwaves moving forward. The airwaves are vital low-band spectrum to be used for mobile broadband.
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