Despite financial meltdown, FCC still pushing ahead w/700 MHz (D-Block) spectrum

ZDNet: With the greatest credit crunch since the 1930s in full swing, this is perhaps not the greatest time to sell your house. Or your airwaves. But the FCC is not dissuaded. The agency is pushing ahead with an attempt to get private investors to foot the bill on a public emergency network.

[UPDATE: The target price has been dropped from $1.3 billion in the original auction to $750 million this time around]

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