The Federal Communications Commission could announce the results of the auction of $19.8 billion in publicly owned spectrum as early as Thursday, Reuters reports. 

Companies like AT&T  (T) , Verizon  (VZ) , Dish Network  (DISH) and Comcast  (CMCSA) bid on the spectrum in order to build new networks or improve existing coverage. 

Last year, 62 companies made up front bids in order to take part in the auction, according to the FCC. 

(What will move markets this quarter and how should investors position themselves ahead of time? Jim Cramer sat down with four of TheStreet's top columnists recently to get their views. Click here to listen to his latest Trading Strategies roundtable with them and read their advice for stocks, bonds, forex and gold.)

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