Google Gamed Auction to Open Spectrum

Posted on April 16, 2008
Filed Under Uncategorized |

I wasn’t going to blog today but then I saw this.

Google Inc. manipulated a U.S. government spectrum auction by bidding just enough to trigger rules that will open a nationwide set of airwaves to any device and then walking away, Republican lawmakers said.

[From Bloomberg.com: News]

I had to read the article 3 times… these 3 members of Congress are criticizing the FCC over the C-block auction, claiming that Google manipulated the auction by bidding just high enough to trigger the open access requirements.

I wonder if their smoking gun is the press release Google put out last July with the letter CEO Schmidt sent to FCC Chairman Martin where they specifically said they would bid $4.6 billion for the spectrum rights, just high enough to trigger the proposed open access rights.

More on this topic (What's this?)

Should You Be Worried About Google’s New Privacy Policy? (Wall Street Daily, 1/26/12)

Is Google Search Plus Your World Really That Bad of An Idea? (Investment U, 1/18/12)

New Trade: Long Google (GOOG) & Short Valueclick (VCLK) (Intelligent Speculator, 1/30/12)

Google’s (GOOG) Futuristic Driving Technology: No Drivers Required (Wall Street Daily, 12/19/11)

Read more on Google, Hong KONG&CHINA Gas, Government Regulatory Agencies at Wikinvest

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My name is Jeff Nolan and I write Venture Chronicles. I am the VP of Product Marketing for Get Satisfaction and I write about a range of topics that interest me, including public policy, technology, entrepreneurship, finance, and global issues.

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