Verizon and AT&T dominate airwaves auction


Q'uell surprise!

Verizon Communications Inc and AT&T Inc, the two largest U.S. mobile phone companies, grabbed the lion’s share of a $19.12 billion auction of airwaves being vacated by television broadcasters.

Verizon and AT&T won more than $16 billion of licenses - airwaves they plan to use to enhance existing voice and data services, as well as underpin a new wave of wireless technologies…

“It means that the two big guys just got much bigger,” said Rebecca Arbogast, an analyst with Stifel Nicolaus.

I’m not certain what Google intended with their legal and political maneuvers before the auction. Is anyone surprised at the outcome?

Posted: Fri - March 21, 2008 at 08:46 AM