The New York Times Bits blog is reporting that there was a bid of $4.7B this morning for "the most valuable group of wireless licenses in the FCC auction for 700Mhz spectrum."
That pushed the price well over the minimum price that was set, and could help raise over $12B for Uncle Sam (only $10B was expected).
It's a good thing someone's finding some new bandwidth somewhere, because in India, Egypt, and other countries across the Middle East there's been a major Internet "downage," slowing Internet connections and disrupting transoceanic phone calls.
The outages were caused by two separate breaks in underseas telco cables, which were estimated to carry 70 percent of phone traffic and which cut in half the Web traffic capacity.
Ha, and you thought the car traffic jams in Cairo were a mess.
The Internet traffic there has slowed down so much that Egypt's Ministry of Communications and Information Technology has asked the general public to avoid downloading more bandwidth-intensive items for now "in order to allow businesses priority."
What, selling music over the Intertubes is no longer a business?
Yeah, yeah, okay, could you folks in Egypt just hold off downloading Radiohead's new album until we get these underseas 'Tubes back in maximum operating condition?
This won't exactly be music to Jeff Bezos' ears, who plopped down $300M earlier to buy digital spoken word proliferator Audible, Inc. overnight.
ZDNet's "Between the Lines" suggests a chapter in Bezos' master plan might be in the works, considering Amazon's other recent move into DRM-free music distribution.
Maybe. Or maybe not.
Maybe Jeff Bezos just woke up one day and decided he could no longer find enough stuff to download to his iPod Touch?
Whatever the case, I for one can't wait for the next chapter in Amazon's "boxes to bits" saga.