Verizon Bids $5 Billion in Hypothetical Spectrum Auction
Bully?
I think Verizon mostly just wants to keep a competitor from getting an unfair handout from the government. I think the other carriers would do the same exact thing - if they had the financial standing to be taken seriously.
There's some context that's important here, too: Verizon's been complaining for a while now that $2 billion was too little. So the FCC said "okay, how much would you pay?" Today's move is simply their answer, although the amount is certainly...
(continues)
I'd even venture to say that Verizon is doing a public service here. Spectrum is a precious resource. It has to be divided and licensed very carefully, and the public (via the government) deserves to be paid the best possible price for it.
Rich Brome said:
Bingo. Plus, some analysts are saying $5 billion might be low - the spectrum would fetch even more than that in a real auction.
I'd even venture to say that Verizon is doing a public service here. Spectrum is a precious resource. It has to be divided and licensed very carefully, and the public (via the government) deserves to be paid the best possible price for it.
Wow...I didn't know the spectrum was even worth that much. You read that Nextel is willing to pay $850 million to retune the 800mhz band and you think to yourself "wow, Nextel's swell"...lol. Thanks for the info guys.
This forum is closed.