Sprint, Alltel Out Of AWS Auction, Leap, Time-Warner In
May 10, 2006, 1:50 PM by (staff)
The deadline for entering June's AWS auction was today. Carriers and other interested parties had to file a form by today in order to bid for the 3G spectrum on June 29. Neither Sprint-Nextel nor Alltel will be participating in the AWS auction. Sprint Nextel already has a significant amount of spectrum which it will be able to put to better use as it moves Nextel customers from iDen to CDMA. However Sprint could still acquire more spectrum in this auction through Time-Warner, one of Sprint's cable partners, which has chosen to enter the auction. Alltel chose to stay out of the auction as well, claiming to have issues with the spectrum assignment and the new blind bidding process. Instead the company has been acquiring other regional carriers to build out its network. Leap will raise $250 million by selling common stock in order to fill its coffers for the auction.
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the fun begins!!!
Tmobile usa, best of luck 🙂
"The Congressional Budge Office estimates the AWS and some smaller auctions could raise $15 billion for the U.S. Treasury."