Verizon, AT&T rule 700MHz auction; Block D fate unsettled

**MIG-31** · Mar 21, 2008, 06:49 AM

Verizon Wireless and AT&T won big in the Federal Communications Commission's now-concluded 700MHz auction, which raised a grand total of $19.592 billion for the government. Google failed to purchase any spectrum, but is probably not at all upset given that the open access conditions it wanted will apply. Verizon successfully bid on six big regional licenses on the auction's so-called Block C, one of which cost the company over $1.6 billion. This will give Verizon broadband reach across the continental United States and Hawaii.; the cell phone giant's press release says the six big bids it won will reach 298 million Americans, and 102 licenses it bought in smaller markets can potentially cover 171 million.
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Source: Ars Technia
Thanks to calidan for the submit.

calidan · Mar 21, 2008, 03:00 PM

So, what does everyone think about this? I was totally expecting Google to win this auction. I never expected that Verizon or AT&T had the cash to win such large blocks.

Mar 21, 2008, 06:49 AM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,821 Rep Power: 471 System Specs	Verizon, AT&T rule 700MHz auction; Block D fate unsettled Verizon Wireless and AT&T won big in the Federal Communications Commission's now-concluded 700MHz auction, which raised a grand total of $19.592 billion for the government. Google failed to purchase any spectrum, but is probably not at all upset given that the open access conditions it wanted will apply. Verizon successfully bid on six big regional licenses on the auction's so-called Block C, one of which cost the company over $1.6 billion. This will give Verizon broadband reach across the continental United States and Hawaii.; the cell phone giant's press release says the six big bids it won will reach 298 million Americans, and 102 licenses it bought in smaller markets can potentially cover 171 million. ____________ Source: Ars Technia Thanks to calidan for the submit. __________________ Please Post Your News Submissions Here

Mar 21, 2008, 03:00 PM	#2
calidan Frozen in Carbonite Join Date: Mar 2003 Location: Kansas City, MO Posts: 1,409 Rep Power: 0 System Specs	So, what does everyone think about this? I was totally expecting Google to win this auction. I never expected that Verizon or AT&T had the cash to win such large blocks. __________________ Steam Community :: ID :: calidan "Don't try to be like Jackie. There is only one Jackie.... Study computers instead." - Jackie Chan