Wireless local loop is the first step toward that vision. But wireless local loop is many things to many people. Well, spectrum is the lifeblood of your business. So we need to get spectrum licensed and working for competition as fast as we can. That's why we have abandoned the comparative hearing and lottery processes for auctions.
Auctions are faster, fairer and more efficient.
But auctions will remain a fast and efficient tool for licensing only if we maintain clear rules for bidding that will be understood by all. The LMDS auction held earlier this year put a huge amount of spectrum on the street quickly. It was the largest contiguous block of spectrum licensed at one time. Most licenses were awarded within a few months. Those few licenses not purchased will be auctioned in March of next year.