Officials at the Federal Communications Commission are facing a historic challenge.
The agency is being asked to do something that has never before been tried: a two-step auction of American airwaves that is intended to shift resources from broadcasters to wireless companies.
If all goes according to plan, the sale could be a cash cow that earns billions of dollars for the federal treasury while helping wireless carriers meet a growing demand for data from smartphones and other devices.
Success, however, is far from guaranteed. In order for the sale to get off the ground, the FCC has to convince companies in both industries that it is in their best interest to participate. Read the Full Article