AT&T Wireless Bidding Begins
Jan 28, 2004, 11:49 AM by (staff)
Two new announcements yesterday set the stage for a formal bid process for the sale of AT&T Wireless. Early in the day, NTT DoCoMo waived its right to be consulted on merger talks. The right is part of the terms of DoCoMo's 16-percent stake in the company; waiving it allows DoCoMo to participate as a bidder. Later in the day, AT&T Wireless announced a February 13th dealine for interested parties to submit formal bids to buy the company.
SoftBank Looking to Raise $18B with Wireless Unit IPO
SoftBank Group, the parent company of Sprint, is weighing whether or not to offer shares in its own Japan-based wireless company. Under the direction of CEO Masayoshi Sun, SoftBank has transformed itself in recent years into an investor in technology companies.
FCC Weighing Whether to Award Dish's AWS-3 Discounts
The FCC today approved nine applications submitted for the AWS-3 spectrum auction, two of which belong to Dish designated entities Northstar Wireless and SNR Wireless. The FCC said the applications are in their final form and are complete, but the FCC has not made a final decision about the bidding tactics used by Dish and whether or not the company deserves the 25% discount meant for small businesses.
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.
FCC Embraces New Auction Rules for Designated Entities
The FCC today formally adopted a Report and Order that makes changes to how small businesses participate in spectrum auctions. The changed rules are a response to Dish Networks' use of designated entities to place bids on its behalf in the AWS-3 auction earlier this year.