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Local Multipoint Distribution Services

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BUSINESS
March 26, 1998 | JUBE SHIVER Jr., TIMES STAFF WRITER
The government's largest-ever auction of the airwaves ended Wednesday after raising just $578 million, as bidders proved reluctant to wager big dollars on a promising but unproven technology for wireless Internet, telephone and video services. Several industry analysts had expected bidders to pay as much as $4 billion for government licenses to use the new airwaves for so-called local multi-point distribution service, or LMDS. But big telephone and cable companies such as SBC Communications Inc.
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BUSINESS
March 26, 1998 | JUBE SHIVER Jr., TIMES STAFF WRITER
The government's largest-ever auction of the airwaves ended Wednesday after raising just $578 million, as bidders proved reluctant to wager big dollars on a promising but unproven technology for wireless Internet, telephone and video services. Several industry analysts had expected bidders to pay as much as $4 billion for government licenses to use the new airwaves for so-called local multi-point distribution service, or LMDS. But big telephone and cable companies such as SBC Communications Inc.
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BUSINESS
February 18, 1998 | ROBERT A. ROSENBLATT, TIMES STAFF WRITER
The federal government will begin auctioning an estimated $4 billion in licenses today for a new wireless technology that can transmit voices, TV pictures and computer data. The sale by the Federal Communications Commission will cover the largest portion of the airwaves ever offered for sale. The technology promises to increase competition and bring to market new communications capabilities, first to business and eventually to consumers.
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