FCC announce 700mhz auction results; Verizon takes top honors with AT&T a close second
Section: News, Communications
We have been on the edge of our seats waiting for the winners announcement and the FCC has finally released the details. With little surprise the top two US carriers Verizon and AT&T have taken top honors.
Verizon had scooped the top position, but AT&T also has some pretty decent winnings. Verizon, who was actually partnered up with Vodafone has taken the biggest nationwide block of the spectrum, also known as the “C” block with a $4.74 billion bid, which overtook Google’s bid of $4.71 billion by just a little bit. In addition to the nationwide block of the spectrum, Verizon has also taken 25 regional licenses. AT&T, who is currently the number 1 carrier in the US managed to win 227 “B” block regional licenses across the US. Overall about $6.64 billion was spent by AT&T and a total of about $9.63 billion from Verizon.
This means that between Verizon and AT&T they have won a combined total of just about $16 billion of licenses, which means that the two biggest US carriers now have plenty of room to get even bigger.
Read [Reuters]
Full Story » | Written by Robert Nelson for Gadgetell. | Comment on this Article »
Categories: Gizmos and Gadgets News
Tags:
