Thursday, October 27, 1994 - Page updated at 12:00 AM

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Business Digest

Airwaves Bidding Outstrips Previous FCC License Auction

Seattle Times Staff: Seattle Times News Services

WASHINGTON - Wireless communications companies and entrepreneurs bid aggressively in the government's latest auction of the nation's much sought-after airwaves.

The licenses will allow winning bidders to deliver such futuristic "personal communications services" as high-tech voice paging and data transmission services in five regions across the country.

At the end of the auctions's first day, bids for the 30 regional licenses available stood at $297.2 million, far outstripping the $196.8 million offered by the end of the first day of July's sale of nationwide licenses for even bigger pieces of the nation's airwaves, said the Federal Communications Commission.

Copyright (c) 1994 Seattle Times Company, All Rights Reserved.


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