Before: Millett and Jackson, Circuit Judges, and Edwards, Senior Circuit Judge.
Millett, Circuit Judge:
In late 2014 and early 2015, petitioners Northstar Wireless, LLC ("Northstar"), and SNR Wireless LicenseCo, LLC ("SNR") placed more than $13 billion in winning bids at a Federal Communications Commission auction to license wireless spectrum. Because both Northstar and SNR were brand new companies with virtually no revenue...
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