F.C.C. Auctions for A.W.S.

The Advance Wireless Services spectrum recently went up for auction by the F.C.C. This practice has been going on since 1994 and replaces what seems to be a very bureaucratic system of determining "Best public use." My concern, however is the reinforcing aspect of the new system for the dominant telcos. Since the licenses go to the highest bidder, doesn't that mean simply that the telco with the most money can "buy" a license to a specific band and further their dominance over the little guys? This appears to be whats happening in the most recent round of bidding, as satalitte cable providers were the first to bow out of bidding.