Bill Is a Boon for Wireless

Wireless carriers could be among the biggest beneficiaries of Congress’s plan to extend the payroll-tax cut because the legislation currently includes a provision to raise billions of dollars by auctioning off television airwaves.

Congressional negotiators were still hammering out details, but the legislation would authorize the Federal Communications Commission to auction off TV-station airwaves to wireless companies for next-generation phones and gadgets. A portion of the auction proceeds would help cover the cost of extending jobless benefits, which is also part of the payroll-tax legislation.

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