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August 1, 1994

LICENCE AUCTION BIDS RISE TO $611.5M

By CBR Staff Writer

Bids in the US Federal Communications Commission’s auction for US-wide Personal Communications Services licences rose to $611.5m by Friday: at the end of round 41, the highest bids for five high capacity licencses stood at $80m; the bids for the five lesser capacity licences ranged from $34.5m to $47.5m.

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