The US government is auctioning off 200 new wireless licenses
What happened
The Federal Communications Commission is preparing to auction 200 licenses for wireless spectrum. These licenses cover specific radio frequencies that companies use for mobile internet and other services.
Why it matters
Wireless spectrum is a finite resource. Companies need these licenses to expand their networks and offer new services. The auction determines who gets to use these airwaves and for how much, which affects competition and the cost of wireless services for consumers.
The signal
Watch which companies bid for these licenses and how much they pay, as this will indicate their plans for expanding wireless services.