You're right that Aloha paid $43.3 million for their first 77 licenses in
the auction. They then went on to buy out Cavalier and DataCom:

…In a related development, on February 1, 2005, Aloha Partners LP announced
that it will purchase Cavalier Group LLC and DataCom Wireless LLC,
respectively the second and third largest owners of 700 MHz spectrum in the
US. Aloha Partners now has spectrum sufficient for a (mostly) nationwide
network, including spectrum in the top ten urban markets and "84% of the top
forty urban markets". (Steve Stroh, as quoted at
http://www.dailywireless.org/2005/02/25/the-700-mhz-club/)

Cavalier bought their markets for around $10 million. DataCom bought theirs
for about $5 million.

The $2.5 billion AT&T paid to cover 196 million people works out to
$12.76 per person. Compare this to the average paid per person in
Auction 44 - about $0.55!
 <http://hightechmagazine.com/ManageArticle.asp?C=100&A=5953>
On 10/9/07, Joshua Rowe <[EMAIL PROTECTED]> wrote:
>
> What a considerable profit considering they paid 43.3 million for it in
> 2002.
>
>
Best,
-- 
Dylan Oliver
Primaverity, LLC
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