Nokia Siemens Networks Makes Hostile Bid for Nortel Assets
Nokia Siemens Networks has ignored Ciena's winning bid for some of Nortel's networking assets and has made a new bid of $810 million. Ciena won the assets from Nortel with a bid of $769 million in an auction that ended last week. Ciena's bid still needs to be approved by the U.S. Bankruptcy Court, which is overseeing the auction of Nortel's assets in the U.S. Nokia Siemens Networks filed an objection with the U.S. Bankruptcy court seeking to nullify the auction results.
AT&T, Verizon Dominate AWS-3 Auction
The FCC today published a list of companies that placed winning bids for the AWS-3 spectrum auction. The FCC auctioned off 1,600 licenses, for which 70 companies were competing.
FCC's 2016 Reverse Auction Sees Opening Bids Set
The FCC has set opening bids for the 600MHz reverse spectrum auction, scheduled for the middle of 2016. The auction will see television stations give up their spectrum licenses, which will then be sold to wireless companies.
Dish's Designated Entities Under Attack
More organizations are piling on the designated entities that Dish Networks used to bid in this year's AWS-3 spectrum auction. Rather than bid directly, Dish had three small companies, in which it has an 85% stake, bid on its behalf.
Court Says FCC's Incentive Auction Can Proceed
A federal appeals court today denied broadcasters' bid to derail the FCC's forthcoming reverse auction. The incentive auction, set to take place in mid 2016, will see wireless companies bid for spectrum owned by television broadcasters.