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LA, Houston Hot in Auction 58

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Replying to:  Day 2 result, the fight for Houston continues by eric Lin   Jan 28, 2005, 6:30 PM

Re: Day 2 result, the fight for Houston continues

by muchdrama    Jan 29, 2005, 5:21 PM

eric Lin said:
At the end of day 2, after 6 more rounds of bidding. Metro PCS is still the big spender. no one has come close to touching its $375 million bid for Los Angeles. However it has lost day 1's bid for Houston. The war for Houston has heated up. Verizon outbid T-Mobile for the spectrum it was winning in Houston. So T-Mobile turned around and outbid Metro PCS for the other Houston lot. San Diego is moving up in the bid list - apparently Cricket (LEAP) wants San Diego pretty bad. Seattle is also heating up, though not nearly as hot since there are 3 lots there. T-Mobile currently is high bidder on two of the 3 lot. We'll continue to provide a daily summary. If you want to follow along play by play, the FCC has set up a great site to track the auction.
http://auctionbidding.fcc.gov/bidding/results.htm Angeles would be a huge gain for metro. That's an absolutely huge urban area that would undoubtedly return the investment.

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