With the finance and tech industry, and every mobile-phone company and service provider (nervously) geeking out about Google’s latest foray into the mobile-phone market, Google drops another bomb – they’re preparing to bid the minimum entrance fee of $4.6 billion on the upcoming high-stakes 700-MHz auction – sans investors.

What exactly does this mean for us? Simply put, federal law mandates that television broadcasters convert from the current spectrum-hogging analog format to the supermodel-skinny digital signal by the year 2009. This conversion will free up a lot of bandwidth. The sort of bandwidth that can deliver a higher-strength and more reliable broadband wireless service.

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