Big FCC Auction Winners: Verizon (VZ) And AT&T (T)

Telecom & Wireless

Published: March 20, 2008 3:59 pm

According to Wireles and Mobile News:

"Verizon Wireless (VZ)(VOD) was the biggest winner of the Federal Communications Commission’s 700 MHz auction, winning six large licenses that i will give it air space to provide next-generation wireless broadband service in the C-Block of the spectrum vacated by broadcast television.

AT&T (T) won 227 licenses from the “B” block of regional licenses, but Google, while it submitted a serious bid for the C block, in the end won no licenses.

AT&T winning bids totaled about $6.64 billion while Verizon is paying $9.63 billion."

Google (GOOG) got nothing and saved a lot of cash

Douglas A. McIntyre.

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