FCC: Verizon Wireless a big 700 Mhz auction wi ...

Thursday, March 20. 2008

FCC: Verizon Wireless a big 700 Mhz auction winner; Now what?

The 700 Mhz auction was critical for future wireless services. Analog TV broadcasters currently use most of the spectrum to deliver programming. However, these TV stations are required to go all digital in 2009. That opens a lot of signal for wireless companies.

We are very pleased with our auction results. Specifically, we were successful in achieving the spectrum depth we need to continue to grow our business and data revenues, to preserve our reputation as the nation’s most reliable wireless network, and to continue to lead in data services and help us satisfy the next wave of services and consumer electronics devices. The bids we won include a nationwide spectrum footprint covering 298M Pops, plus 102 licenses for individual markets covering 171M Pops. In compliance with the FCC’s anti-collusion quiet period rules, Verizon Wireless cannot comment further until that period ends.