A is not a live auctioneer banging a gavel. It is a complex, multi-round "simultaneous multiple-round auction" (SMRA) or, more recently, a "clock auction."
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The Federal Communications Commission (FCC) regularly holds auctions for wireless spectrum—the radio frequencies that carry data to and from smartphones. A "Verizon auction" in this context is often a bidding war where Verizon faces off against AT&T and T-Mobile. A is not a live auctioneer banging a gavel
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