Auction News: Verizon Loses Grip On 20 MHz Spectrum

Verizon Wireless has “bid $2.8 billion to keep its grip on four of the 20-megahertz regional F-block licenses”, namely those of the Mississippi Valley, Great Lakes, Northeast and Southeast regions. Yesterday it had bid $3.5 billion for the spectrum covering the entire continental US. More complete coverage is at the link, including a quote from Bear Stearns analyst Phil Cusick that just because the satellite operators have dropped out of the bidding doesn’t mean they’re out of the wireless game, there are other routes…

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