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Verizon Bids $5 Billion in Hypothetical Spectrum Auction

Article Comments  12  

Apr 8, 2004, 5:14 PM   by (staff)

In an attempt to derail a current proposal before the FCC involving Nextel, Verizon today told the FCC it would bid $5 billion for 10 MHz of nationwide spectrum in a hypothetical auction. The move is the latest jab in a heated fight over how to resolve interference issues between Nextel and public safety radio systems in the 800 MHz band. Under the current proposal before the FCC, Nextel would pay only $2 billion for the new spectrum in the 1900 MHz band. The FCC may make a decision on the issue at a meeting next Thursday.

more info at Wireless Week »
more info at Verizon Wireless »

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Comments

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Rich Brome

Apr 9, 2004, 9:52 AM

Another point of view

This whole battle has been going on for a long time; calling it a "mess" or even a "disaster" is probably an understatement. Rolling Eyes

Anyway, here is an interesting point of view, from one of the most knowledgeable and influential analysts in the industry:

http://www.outlook4mobility.com/commentary2004/April ... »
http://rcrnews.com/cgi-bin/news.pl?newsId=17648 »

...looks like all the controversy has already caused the FCC to reconsider.

And it goes on... Rolling Eyes
That was a great article, Rich. Thanks for the info.
muchdrama

Apr 8, 2004, 6:38 PM

Bully?

Is it me or is Verizon flaunting its muscle? Hypothetically offering 5 billion dollars for spectrum Nextel's after will either: A) Keep Nextel from becoming a CDMA competitor, or B) Prevent Nextel from obtaining CDMA spectrum that will make them all the more difficult/expensive to buyout in the future? I smell conspiracy! Wink
Hey if they can pony up another few billion it can be all theres.... Very Happy
Verizon is not alone in opposing the current proposal. A lot of companies are saying Nextel will get a windfall if the $2 billion deal goes down. That's pretty cheap for 10 MHz of nationwide spectrum. And this is all without an auction, so if y...
(continues)
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Hey, wassup muchdrama, good to "see" you again. Anyway, I agree to what you said
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