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T-Mobile and Verizon Call Truce On Regional Blocks

Aug 16, 2006, 12:39 PM by (staff)

After Round 18, action appears to have ceased on the large regional spectrum blocks. Verizon and T-Mobile split the bulk of the winnings, but Metro PCS and Cingular each scored at least one block, both in the West. Verizon paid the most for a regional block, offering up $1.3 billion for the largest Northeast lot. Many metro areas are still hotly contested, especially major business centers like New York, Washington DC, Chicago and San Francisco. The total of winning bids after round 18 adds up to almost $9.5 billion. Verizon, in for $2.8 billion, and T-Mobile, at $2.6 billion are top bidders, however T-Mobile currently claims 74 licenses for that money and Verizon only 4. SpectrumCo and Metro PCS are each winning over $1 billion in bids, and Cingular rounds out the top 5 at $580 milllion. While SpectrumCo, the consortium of cable operators that have partnered with Sprint, are soaring with winning bids on 63 licenses, the satellite TV providers DirecTV and Echostar, bidding together as Wireless DBS, stopped bidding in round 10 and dropped out of the auction in round 16.

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Comments

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This forum is closed.

mezzedup

Aug 16, 2006, 2:16 PM

Too bad

I wish Cingular,or Sprint would increase their native coverage in the west, and start putting up their own towers in montana,that way since i live in Montana that would increase competition, and get some more national providers in here, since all we have now is Verizon who I have and Alltel.

denzillion

mezzedup said:
I wish Cingular,or Sprint would increase their native coverage in the west, and start putting up their own towers in montana,that way since i live in Montana that would increase competition, and get some more nationa

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nextel18

Well, you must remember in this business the carriers/operators need to get the most for their investment or ROIC. (Return on invested capital) Since building out towers is a lot of money, they must choose wisely in which places gives them the best RO...
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muchdrama

Aug 16, 2006, 8:26 PM

Go metro!

Beat the big boys at their own game!

Jonathanlc2005

eww whats wrong with you. we want someone to win who actully has a name in the market. not some wanna be. go sprint

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