Mobile phone carriers and entrepreneurs bid nearly $1 billion yesterday on the first day of a government auction of radio spectrum, the airwaves that carry wireless data and phone traffic.
The auction, for 242 licenses in big and small markets across the country, is scheduled to continue this morning, with 31 of the 35 bidders that were initially eligible still participating, according to the Federal Communications Commission, the regulatory agency that is overseeing the auction.
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