View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 27, 1994


By CBR Staff Writer

By the time bidding for US Personal Communications Services licences ended for the first day, the prices offered for the 10 nationwide franchises on offer totalled more than $196m with no licences awarded – the first round of bids was so high that it shocked both government officials and spectators, according to Dow Jones & Co: leading bids stood at $30m each for five licences, $10m each for four licences and $6,825,000 for the tenth one; the bidding process is extremely high-tech – except that bidders have to be present at a hotel ballroom in Washington to enter their bids on one of 20 computers, each shrouded behind blue curtains like polling booths – and bids are then carried over a high-speed telephone line to a computer in New York City; the bidding for the 10 licences had reached $265m by mid-day, with feverish bidding continuing.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.