Reuters informs that Google is gearing up for wireless spectrum bid.
Apparently, the company is making a serious run to purchase wireless spectrum in a Federal Communications Commission auction in January, the Wall Street Journal reported Friday in its online edition.
"The newspaper said Google is working out a plan to finance its bid — which could run to $4.6 billion or higher — that would rely on its own cash and possibly some borrowed money. No one at Google was immediately available to comment. Google is running a test version of an advanced wireless network at its Mountain View, California headquarters, gaining operating experience that could come in handy if it wins the spectrum and decides to run a full-scale national mobile carrier, the newspaper said, citing people familiar with the matter."