By Staff
TVNEWSDAY, Mar 19 2008, 8:54 AM ET
The auction of spectrum being freed up in TV stations' move to digital broadcasting generated a record $19.6 billion, nearly double congressional estimates, FCC Chairman Kevin Martin announced last night.
The previous record for spectrum auctions was $13.9 billion in 2006.

The record was set, even though the reserve price for one of the five available block of spectrum was not sold, Martin said in a prepared statement.
The eight unsold licenses in those blocks remain held by the FCC and will again be made available for commercial bidding in a future auction.
The FCC began the auction on Jan. 24 and presided over 261 rounds of bidding among companies that plan to use the spectrum for broadband wireless communications.
The 700 MHz spectrum is attractive to both industry and public safety organizations because it is especially well-suited for wireless broadband, is capable of carrying large amounts of data, can travel far distances, and easily penetrates walls with great efficiency and speed—allowing for more effective and reliable wireless communications, Martin said.
The next generation of wireless networks to be deployed in the 700 MHz band will be faster than those available today, and they will extend to both urban and rural areas of the country.