Verizon Wireless, T-Mobile OK'd for Wireless Auction

VERIZON WIRELESS, T-MOBILE OK'd FOR WIRELESS AUCTION
[SOURCE: Reuters]
Verizon Wireless and Deutsche Telekom AG's T-Mobile have qualified to participate in an August sale of valuable wireless licenses, the U.S. Federal Communications Commission said on Friday. They were among 81 applications accepted by the agency to participate in the sale. Another 171 applications were deemed incomplete and those potential bidders have until July 18 to address the issues. Cingular Wireless, the No. 1 U.S. wireless carrier, was one of the bidders that failed to initially qualify, according to forms filed with the FCC. The FCC is scheduled to begin auctioning the licenses for advanced wireless services on August 9 in a sale that analysts have said could raise between $8 billion and $15 billion.
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