Monday, March 24, 2008
AT&T, Verizon, and Google Chime in on FCC Auction Aftermath
Posted by Rocco Augusto in "Smartphone News" @ 08:00 PM
Verizon and AT&T both made out like bandits in the recent FCC spectrum auction. As noted above, Verizon came out on top with the coveted C Block and following behind with nothing but smiles was AT&T, which completed successful bids for the B Block. Along with AT&T's recent purchase of Aloha Partners, the largest owner of the 700MHz spectrum, AT&T can now boast that it covers over 95% of the U.S. population! The real winner of this auction though is Google. Even though Google did not come out of this auction with a pocket full of spectrum, it is safe to assume they accomplished exactly what they set out to do - force the bids high enough to ensure that the 700Mhz spectrum will be open to all devices, as well as keep over $4.6 billion dollars in the bank, and in their shareholders’ pockets.











