700 MHz Auction Drama

Saul Hansell of the NY Times Bits Technology Blog offers an insightful take on the current status of the 700 MHz auction - Spectrum Auction Teeters on the Brink of Success - Bits - Technology - New York Times Blog. Someone is sitting on a 4.3 billion dollar bid for the nationwide C Block and they need to bid tomorrow or they risk being out of the auction. If the total doesn't hit 4.6 billion by the end of the auction, then the FCC will have to re-auction this block off in the future.