It may happen more in life than at the poker tables. Inspiration for this is that Google looks to be bidding on the spectrum being offered by the FCC. It was expected that the Tel Cos would be the only bidders.
The Tel Cos already have a huge chunk of the spectrum from earlier auctions. Much of that remains unused. It was bought not to lower our costs or provide new services. It was done to limit competition. Google would actually use the spectrum to jumpstart other companies who have products or business proposals but can’t pony up the 4.6 Billion that’s the starting number for the auction. They see a service similar to the VOIP replacement of your landline. This would give a lower cost alternative to all those cell phone plans that are all tilted to Tel Co profit.
I use VOIP now and get good calling quality, free features that Tel Cos charge for, no long distance charges. And I do it for a fraction of the cost that service is with Verizon