After six rounds of bidding on the first day of Auction 58, the biggest spender is shaping up to be Metro PCS, which has offered up over $450 million so far though bidding partner Royal Street Communications. Most of that went to a single $375 million bid for spectrum covering Los Angeles. Metro PCS's other bid is a $71 million play for spectrum in Houston. T-Mobile's partner, Cook Inlet, has put in a bid for $86 million for another license that also covers Houston. T-mobile is currently number two in bids, totaling $230 million so far, Verizon and Cingular's trail further behind.
All content Copyright 2001-2013 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.
2