November 16, 2007

Google gearing up for wireless spectrum bid

Google is gearing up to make a serious run at buying wireless spectrum in a Federal Communications Commission auction in January, The Wall Street Journal reported Friday in its online edition, via Reuters .

"The company is also prepared to bid on its own without any partners, The Journal said, citing people familiar with the matter. The newspaper said Google is working out a plan to finance its bid--which could run to $4.6 billion or higher--that would rely on its own cash and possibly some borrowed money.

No one at Google was immediately available to comment."

From the The WSJ:

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