LA, Houston Hot in Auction 58
Jan 27, 2005, 4:16 PM by (staff)
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.
Incentive Auction Fails to Attract Big Spenders
The FCC's 600MHz incentive auction is proceeding slowly and may need to be reset. After 27 rounds of bidding, the total amount bid has reached only $23 billion, far short of the $88.4 billion clearing cost set during the reverse part of the auction earlier this year.
Verizon Might Skip 600MHz Incentive Auction
Verizon Wireless said it is comfortable with its spectrum holdings at the moment and may not bid in next year's auction for 600MHz airwaves. Verizon is only using 40% of its licensed spectrum for LTE, which gives it plenty of room to add capacity.
FCC Reverse Auction Drops Clearing Price to $54.6B
The FCC has wrapped up the initial phase of stage two of its incentive auction for 600 MHz airwaves, and drastically lowered the price for that spectrum. The initial clearing cost for all the 600 MHz spectrum was $86.4 billion, but bidders failed to come even close during the first round of bidding.
FCC Sets Filing Dates for Incentive Auction
The FCC today said companies interested in participating in next year's 600MHz incentive auction need to get their paperwork in order by early December. The agency will accept applications between Dec.
Auction day 3, there's something about san diego... and seattle
Day 2 result, the fight for Houston continues
eric Lin said:...
At the end of day 2, after 6 more rounds of bidding. Metro PCS is still the big spender. no one has come close to touching its $375 million bid for Los Angeles. However it has lost day 1's bid for Houston. The war fo
I know I saw a little one when the article from RCR was posted that listed a couple, but I was wondering if there was one that listed everyone (or quite a few).
Verizon And Cigular Sleeping?
Did Verizon and Cingular forget about the auction, or do they just not care enough to compete for the coverage? I'm baffled, both companies claim that they want to increase coverage, but the don't act when they get t
Sprint or Nextel
ATTWStoCingular said:Between Sprint and Nextel there's not a whole lot of need for new spectrum. Both companies have considerable assets alr...
Wheres Sprint and Nextel in this bidding? How come they are not making bids?