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Bidders Pay for Licenses to Lease

February 22, 2001

WASHINGTON (AP) _ The government took in nearly $21 million for airwaves licenses that winning bidders can slice up and sublet to companies that provide wireless services.

The Federal Communications Commission auction, which closed Wednesday, drew on a new government policy that allows licenses to be bought and sold in a secondary market. Bidders who win auction licenses can then turn around and lease them to third parties for a profit.

The successful bidders can divvy up the licenses in any manner they want and make it available for fixed and mobile wireless services. The bidders must follow the commission’s rules to protect against interference with other services, including public safety applications.

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On the Net: FCC auction site: http://www.fcc.gov/wtb/auctions

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