AT&T and Verizon to Lead Charge in FCC Wireless Spectrum Auction [telecom]

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TV stations have the chance to cash out their broadcast licenses in a groundbreaking auction.

By Chris Nolter

AT&T, Verizon, T-Mobile, Comcast, Dish, and others start bidding Tuesday for the most appealing wireless spectrum left in the government's portfolio.

The Federal Communications Commission opens the second phase of a groundbreaking auction -- the first of its kind in the world -- that allows wireless carriers and others to buy licenses to the wavelengths that TV stations use to broadcast their programs.