Google said to prep wireless spectrum bid

Report: Move reflects the company's big mobile phone ambitions.

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LONDON (CNNMoney.com) -- Google is preparing to bid on a wireless spectrum, a move which could help the company roll out its own nationwide mobile network, according to a published report.

The Wall Street Journal said the company is getting ready to make a bid at a Federal Communications Commission auction in January. The offer could run $4.6 billion or more, the report said.

Google's (Charts, Fortune 500) moves into the mobile market have been closely watched. Earlier this month, the company formed an alliance with mobile phone manufacturers and carriers to create an open software platform for mobile phones. To top of page

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.