I think that bandwidth auctions should include a use-it-or-lose-it proviso. Two years should be adequate.
FCC levies largest ever fine: $614m on Verizon (that's about three days of profit for telco giant)
Verizon's $3.1bn Straight Path gobble got a little more expensive this week, thanks to a $614m fine dished out by America's broadband watchdog, the Federal Communications Commission. The regulator sought to punish Straight Path for breaking its promise to roll out working high-speed cellular networks across the US using its …
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Thursday 1st March 2018 08:59 GMT DerekCurrie
No, the 5G standard isn't finished!
This situation is NOT about any rollout of 5G, because that's not even possible thus far. Please rewrite this story with finer details about the actual dirty deeds of Straight Path.
BTW: Verizon is the only mobile provider in the USA to even bother to dip their toe into a rollout of REAL 4G technology in the USA, aka LTE Advanced. (Fake 4G is what we've got at this point as it is called '4G' only due to marketing disinformation to the public. It's actually only high end 3G technology that doesn't meet the quality standards of the real 4G standard. Kind of stupid and deceptive).
I'm wondering if the clown show at the Pai FCC is too ignorant of 5G technology to comprehend that it's not ready for prime time. Then again, Verizon has perhaps the worst lazy reputation regarding network expansion within the USA. They've promised, they've even been paid via approved customer fees to extend their network. Instead they ate the money and their customer's patience by sitting on their spotty behinds eating ¢a$h. Therefore, I'd easily believe their Straight Path project is BS. Better reporting at The Register could straighten out this confusion.