by Mike Masnick
Wed, Jan 9th 2008 2:34pm
There was tremendous hype and a number of big names behind the wireless startup Frontline, who was talked up as a possible upstart bidder (and potential winner) for a segment of the spectrum that the FCC is auctioning off later this month. However, if one thing has become clear over the years, spectrum auctions are not a game for startups to play -- as unfortunate as that may be. On Tuesday, the news came out that Frontline had shut down after it was unable to find financial backers to pony up all the money it needed. There are some questions about this, as some of the company's early supporters represent a ton of money, but some are noting that this could actually cause something of a domino effect impacting all of the spectrum being auctioned off. There are a variety of rules and hurdles that various bidders need to meet, and if those hurdles aren't cleared, then the FCC can cancel the auction and try again -- with different rules that could toss out the open access requirements the FCC put in place. It's not clear if that will actually happen, but it appears to increase the likelihood significantly.
If you liked this post, you may also be interested in...
- After Aereo's Collapse, Founder Hopes To Disrupt Wireless Broadband Market With 'Starry'
- FCC Approves AT&T's $69 Billion DirecTV Merger, Announces It Late Friday And Hopes Nobody Notices
- Dish Eyes T-Mobile Takeover, And That Could Be A Very Good Thing For Wireless Competition
- More 700MHz Auction Fun: Frontline Asks FCC To Ban Verizon Wireless From Bidding
- Jury Out On The Impact Of 700 MHz Spectrum Auction Rules