Bids dry up on US wireless?

Bidding stalled in the auction of of wireless airwaves according to data released by the Federal Communications Commission.There were no new offers for the nationwide “C” block slice of wireless spectrum to top previous high bids totaling $4.74 billion.

Bidders’ identities are kept secret until the entire auction ends, under FCC rules. The end won’t come until bidding has stopped on all five blocks of spectrum up for sale in the auction, which will probably take at least another week or two.

The $4.74 billion in bids for eight regional pieces of the C block airwaves on Monday surpassed a $4.71 billion offer made last week for a nationwide package of the spectrum.

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