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Bidders Locked For Auction 58

Jan 12, 2005, 2:42 PM by (staff)

The FCC yesterday announced the final list of qualified bidders for Auction 58, the upcoming sale of PCS spectrum. On the block are 242 licenses in the 1900 MHz band that were previously held by bankrupt Nextwave Telecom. The auction starts January 26th and ends whenever companies stop bidding. 119 of the licenses are set aside for "designated entities", a category designed to allow smaller companies to compete for licenses. However, most of the major carriers, including Verizon, T-Mobile, Sprint, and Cingular, have partnered with a "designated entity" to allow them to bid for such licenses essentially by proxy. Verizon and T-Mobile are expected to be the most aggressive bidders, as both need spectrum to expand or build 3G networks.

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Comments

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This forum is closed.

lexical

Jan 12, 2005, 4:08 PM

Let the Bidding Begin

It seems that it T-Mo can out VZW (don't see it happening) the may be able to accelerate their 3g network creation. But like most with most auctions, VZW and maybe Cingular will flash their fat wallets and begin bidding more or less against each other... I wouldn't count out T-Mo or ather smaller companies either though... 😈

jramossteel

I disagree... I think that Vodafone may use it's money here to allow T-Mobile to be a real nationwide competitor.

...

MrFisch13

nah tmobile has been very passive in the past and they have been saving a big chunk of money for this auction my money is on tmobile at least there father company D-Telekom will back them up if anything

...

Stevo2k4

Jan 13, 2005, 9:09 AM

Location of Spectrum...

The full story link doesn't seem to mention, so I thought I'd post this:

Wed Jan 12, 2005 03:02 AM ET
WASHINGTON (Reuters) -
...
The airwaves being auctioned cover major cities such as Los Angeles, Denver and Orlando as well as smaller markets like McAllen, Texas, and Lynchburg, Virginia.

The licenses to be auctioned were once held by now-bankrupt NextWave Telecom Inc. It agreed to return them to the FCC as part of a settlement over money that NextWave owed for the licenses, which it won at auctions in the late 1990s.

~Steve

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