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FCC Spectrum Auction. IDK What it means really.

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In case you don't know what it is, here is the wikipedia entry. http://en.wikipedia.org/wiki/Spectrum_auction.

It was originally supposed to be done earlier but is now postponed to be finished by end of 2015. Relevant article here - http://en.wikipedia.org/wiki/Spectrum_auction

What exactly does all of this mean?

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