The wireless frequencies that are being abandoned as television goes digital is to be auctioned off by late January of 2008. Right now there is a tense three pistols thing going on between Google, AT&T and the FCC. The FCC is, of course, the sheriff of analogy town. Google and AT&T are both asking for provisions. If Google gets the exact licensing requirements that it asking for, it has pledged to bid over four BILLION dollars for the airwaves.
Source: Computer Business Review