Just think of it companies like V***n and A***t and S***t, all bidding on something. It would make for a very interesting auction. It will even have a "reserve not met" line there.

I'll bid $1.93 or so. What was that opening bid? Does it have a "Buy it now?", can I put it on PayPal? What fun!

What I really want back is TV channels 56-69. Let these people go somewhere else! They have already wasted 800-890 MHz (channels 70-83 in the USA).

$3.3B/22MHz is 150 smackeroos per hertz. Yikes.

I think Shannon's Law could be updated somehow to include money.

Historically companies have always over-valued radio space so whoever wins is probably going to be feeling the effects of this purchase for some time.

Having said that converting cash in to assets it's probably a good move if there's going to be a global down turn.

Mamite Toast: "Having said that converting cash in to assets it's probably a good move if there's going to be a global down turn."

Uh? What?

That's exactly the opposite.

If there is a downturn, asset price fall, so actually the very best thing to do just before a downturn is sell all assets if you have any, and certainly not buy if you have just cash.

What you're saying here is basically "oh, stocks are going to go way down, so I guess it's time to buy everything I can before it falls" (though you're talking about the assets that the companies own, companies whose value will decrease in case of downturn so it's the same).