Verizon Wireless, metroPCS Win New Spectrum
Jul 8, 2004, 5:03 PM by (staff)
In a private auction today, NextWave Telecom sold three PCS spectrum licenses. Verizon Wireless won a coveted 10 MHz license for the New York City metro area with a winning bid of $930 million. In addition, metroPCS snapped up 10 MHz licenses for two markets in Florida for $43.5 million. The licenses cover Tampa-St.Petersburg-Clearwater and Sarasota-Bradenton. $398 million of the auction proceeds will be paid to the FCC, in accordance with a recent agreement stemming from the NextWave's bankruptcy proceedings.
|Verizon's spectrum lust||viper||
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