Despite the backing of billionaires John Doerr and Ram Shriram, as well as former Netscape CEO Jim Barksdale and former FCC commissioner Reed Hundt, ambitious start-up Frontline Wireless is closing up shop. According to the New York Times, the start-up was unable to come up with the $128 million deposit needed to participate in the upcoming wireless spectrum auctions that it did so much to help shape (along with Google). With a tear in our eye, we are putting Frontline into the deadpool.

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