Verizon triumphs in the 700mhz auction

 

Have you been waiting with bated breath for the results of the 700mh FCC spectrum auction? The dead silence is over. Reuters has announced that Verizon Wireless is the new owner of the 700mhz spectrum, also known as the "C" block. The company’s offer of $4.74 billion was accepted by the FCC, as the regulatory body moves to liquidate a large portion of the spectrum that has been used by analog television. With the upcoming move to all-digital broadcasting, the FCC had a bit of excess spectrum to get rid of. The auction has been hotly contested, and the Verizon win, which is actually a joint venture between Verizon and Vodafone, ensures that the 2nd largest American carrier will have significant room to grow in the coming years.

[Thanks, Stonewall]

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