Advanced Television

US cable no to mobile auction

December 5, 2007

Comcast and Time Warner Cable have bowed out of an auction for US airwaves. The auction is seen as the last opportunity for a new player to enter the wireless market. Shares in Comcast and Time Warner Cable rose on news they would not bid in the auction – alleviating analyst fears of an expensive purchase. Google has confirmed its intention to bid in the auction.

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