700MHz Auction Ends, Rakes in $19.5 Billion for Uncle Sam

Even though we had the winner of the almighty C block pegged well over a month ago, the 700MHz spectrum auction just ended today, bringing in $19.5 billion for the feds. We'll know who officially won what in about 10 days.

Interestingly, the open access C block was the only one to march past its reserve price of $4.6 billion (courtesy of the Goog), with a winning bid of $4.744 billion, probably by Verizon. The winners can claim their prize in less than a year. Good times for all to ensue! [RCR News]