Wireless Auction at $3.7 Billion

Wow, the companies are really lining up in order to get a bit of the wireless spectrum. Hopefully this bodes well for geeks everywhere hoping to get more wireless goodness.

The $3.7 billion, up from $2.78 billion on Thursday, represented the highest bids received for five separate blocks of spectrum in the auction, which is eventually expected to net the federal government at least $10 billion.