Google Putting Their Money Where Their Mouth Is

In cased you have missed it I will start from June the 20th when Google posted this blog entry starting they had sent the FCC a letter requesting they implement open standards with the 700mhz band that will soon be up for auction.

Well today Google has put their money where their mouth is, and stated they will put up an initial bid of $4.6 billion dollars for the FCC to inherit these open standards. They have set the bid at $4.6 billion dollars, because this is the reserve price the FCC has set on the auction. This will give the FCC no reason to not inherit these standards, because now they can rest assured the spectrum will be sold even with the open standards. Google is also not stupid, because they know they will be outbid on the auction, or getting the spectrum for the reserve price would be a steal and open them to many possibilities as a wireless provider.

So now we have to sit and wait for the FCC to respond to Google's latest offer.