Verizon Bids $5 Billion in Hypothetical Spectrum Auction
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! 😉
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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 you want to cry conspiracy...
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...
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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)
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I wouldn't consider an offer that is 2.5 times greater than the price that Nextel is being HANDED to them exactly and act of bullying by Verizon. Verizon is simply preventing a competitor from rising up for even more competition. If Verizon has the power (or money in this case) to prevent this from happening, they should. After all, if YOU were the owner of the largest CDMA provider in America, would you sit back and allow such things to happen? 😉
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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.
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.
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Absolutely! If anyone is trying to play outside the rules it's nxtl. Just look at how they started their company...the spectrum they got was not supposed to be used for cellular service in the first place. They are once again trying to manipulate the system and pull a fast one over the government, the taxpayer, and the competition.
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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.
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Hey, wassup muchdrama, good to "see" you again. Anyway, I agree to what you said
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