Record $34 billion bid in U.S. wireless auction

* An auction of wireless spectrum in the U.S. has so far brought in a record $34 billion in bids. Most analysts expected the auction to bring in less than half of that amount, and the auction is actually still continuing. With Americans using their phones and tablets to view streaming movies, television shows and YouTube videos, carriers have been seeking spectrum to keep up with customers' demands.



The reason why analysts weren't expecting too much from this auction, is the wireless industry's focus on another auction of spectrum now owned by television broadcasters. This auction was originally ... *



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