Troubled wireless company FiberTower Corp . got approval from Bankruptcy Judge Michael D. Lynn to hold a bankruptcy auction Nov. 5 to sell its business, which routes cell phone calls through its towers and claims to hold a license for a massive chunk of wireless channel spectrum in major cities, Dow Jones DBR Small Cap reported today. Under the timeline approved by Judge Lynn, FiberTower executives will look for bids until Nov. 1 and return to court with the outcome Nov. 6. The San Francisco-based company said that it is selling virtually all of its equipment, licenses and permits.
