The government said Wednesday it is giving back most of the $3.3 billion in down payments made by some of the nation's largest mobile telephone companies after they won a now-disputed auction of wireless licenses. The Federal Communications Commission said the companies will have to pay their full bids if the U.S. Supreme Court upholds the sale, but it will keep just 3 percent of the companies' bids as deposits.
March 28, 2002 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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