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Google Scores FCC Win

Stock quotes in this article: GOOG , T , VZ , S  

Google's (GOOG Quote) gamble worked.

Federal regulators changed the rules on new wireless spectrum, requiring an open standard that could work with any device.

Breaking from a tradition in which phone companies like Verizon (VZ Quote) and AT&T (T Quote) typically acquired rights to new radio real estate and determined what phones could be used on the wireless networks, the Federal Communications Commission says winners of the upcoming 700 megahertz auction must provide a platform that is more open to devices and applications.

The move comes a week after Google said it would bid $4.6 billion on a scheduled air wave auction to distribute former analog UHF TV spectrum to emergency services groups and wireless service providers. ...

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