Word: bidness
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...Troubles are over,'" contends Titanic Foundation Chairman Brian Ambrose. "The Titanic is a worldwide brand with a unique link to Belfast. We're not going to scale this project down." But before the project sets sail, it has some tricky financial waters to navigate. The Signature Project's bid for just under $50m in funding from the U.K. National Lottery was beaten out by rival contenders last October. If the project is to be completed by the 2011 deadline - the centenary of the Titanic's launch - those missing millions, just under a third of the TSP's estimated cost, will...
...efficient digital signals, which take up less bandwidth, the FCC will repurpose the surplus analog spectrum for wireless devices. The auction consists of five blocks of licenses to be sold off in pieces - ranging from rights to various regional networks to sprawling nationwide ones - each set at a minimum bid. The process could take weeks or even months and is likely to pull in about $15 or $20 billion for the federal government. Carriers wishing to offer new wireless services are currently running into spectrum shortages - one reason why cell phone prices haven't dropped much - so this additional bandwidth...
...break old habits. Sure Google has the cash, but do they really want to get in the labor-intensive business of broadband networks? Already, startup Frontline Wireless, a venture supported by a group of Silicon Valley investors, has gone belly up, unable to secure funding for its intended bid on the discounted public-private D block of the 700 MHz spectrum that will share airwaves with public-safety responders. "I don't expect that the auction will result in a major new market entrant," says Michael Calabrese, director of the wireless future program at the New America Foundation, a Washington...
...carriers offer services to their customers. In August, the FCC backed Google's crusade (spawned by a paper written by Tim Wu for the New America Foundation calling for open networks) and mandated that the auction's largest available spectrum, the C block, be an open network if the bid reached at least $4.6 billion. (Some analysts predict Google will bid just enough to trigger the open-network provision, and no more.) That would mean customers could use any wireless device, handset or application on the network, without being restricted by their carrier. It's a dismantling of the traditional...
...overture. This cleared the way for CNAC to sweeten the pot. But while the vote may have seemed like the free market at work, the Chinese government isn't about to let the invisible hand shape its air travel industry. By green-lighting CNAC's $1.9 billion hostile bid, Beijing actually steered the proceedings toward what it really wants: by consolidating China's fledgling and fragmented airline industry, regulators aim to form a Chinese "supercarrier" capable of competing on international routes against the world's largest airlines. An alliance between Air China and China Eastern - the government is majority owner...