The Federal Communications Commission has confirmed that an auction of wireless spectrum for a public safety network in the US will still go ahead, despite the most likely candidate dropping out.
Startup company Frontline Wireless was planning to bid for the chance to set up a national wireless network, but has ceased trading after failing to raise sufficient funds.
The bidding process, which is due to start on 24 January, required an upfront payment of $128m (£65m).
"Frontline Wireless is closed for business at this time," said the company in a statement. "We have no further comment."
Frontline Wireless estimated the cost of building the national wireless network at $10bn. The minimum bid for the spectrum set aside for the public safety network is $1.33bn.
If no other bidders come forward, the spectrum may not be re-auctioned as it falls under different rules than the other blocks on offer.
The auction for the 700MHz band was sparked as TV broadcasts on that frequency will cease in February 2009.
New light-guiding nanoscale device can control and monitor a nanoparticle trapped in a laser beam with high sensitivity
Optical traps are scientific instruments in which a focused laser beam is used to exert an attractive or repulsive force on a microscopic object to hold it in place
Scientists estimate that the exoplanet has already lost up to 35 per cent of its mass over its lifetime
The observations were made using the Atacama Array in the Chilean desert
J1043+2408 was observed for more than 10 years, and its radio light curve exhibited a periodic signal repeating in about 563 days