Verizon Alters Canada Strategy
Verizon Communications has put on hold plans to acquire two small Canadian mobile network operators. According to Reuters, Verizon is instead weighing whether or not to participate in an upcoming Canadian spectrum auction. The deadline for entering the auction is September 17. If Verizon participates in the auction, it cannot forge any sort of deal with other participants until next year. Verizon was eyeing Wind Mobile and Mobilicity as potential acquisition targets, though it has yet to officially recognize or confirm any such plans.
Google to Sit Out Incentive Auction
Google will not participate in next month's spectrum auction, says the company. The deadline to file applications for the auction passed on February 10.
T-Mobile Parent to Wait for Auction's End to Shop Uncarrier
Deutsche Telekom, the parent company of T-Mobile US, will not pursue any mergers or acquisitions for the Uncarrier while the FCC is holding its incentive spectrum auction. The information comes from unnamed sources cited by Reuters.
Sprint to Sit Out AWS-3 Auction
Sprint today confirmed that it will skip an upcoming spectrum auction. "Sprint has decided not to participate in the FCC's AWS-3 auction, but will continue to evaluate the opportunities presented by the upcoming 600MHz incentive auction," said Sprint spokesman Jeffrey Silva to Bloomberg.
FCC Says Applications for Incentive Auction Due Today
Today marks the deadline for companies planning to participate in the upcoming reverse auction to file their applications. The FCC will accept entries until the end of the day.