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.
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.
FCC Bestows More 600 MHz Licenses
The FCC today granted licenses for 600 MHz spectrum to those companies that placed winning bids during the incentive auction, which concluded earlier this year. The FCC has already distributed some of the 600 MHz licenses, including some to T-Mobile.
Dish's Designated Entities Give Up 197 Spectrum Licenses
Northstar Wireless and SNR Wireless LicenseCo surrendered 197 AWS-3 spectrum licenses and paid a $413 million fine to the FCC for defaulting on their $3.3 billion payment. Dish Networks participated in this year's auction through Northstar and SNR.
Verizon's spectrum lust
This is actually a very good strategy. Verizon has two strengths at this point, a strong balance sheet and a large subscriber base. i can not fault them for trying to profit from their strengths.
I think verizon wireless, whose parent's claim the operation has been profitable for years, was trying to spend its competitors, especially debt ladden Sprint, into the ground. EV-DO was one way of doing so, acquiring more spectrum is the other. More spectrum means better quality of service (less interference per band per cell hence fewer dropped calls), ability to offer more talk minutes per dollar and ability to offer a greater variety of services (a la...
obviously Verizon wants more spectrum pretty badly. they keep buying more and more of it.
This is actually a very good strategy. Verizon has two strengths at this point, a strong balance sheet and a large subscriber
So where they're already maxed out on 1xRTT, they can't roll out EV-DO without more spectrum.
Plus, EV-DO is a "shared pipe", so the more pe...