FCC auction for wireless spectrum - results

The most awaited FCC’s 700 MHz wireless spectrum auction has come to an end. The results are out. The total amount kept climbing up further and it finally ended at a whopping $19.6 billion. This was a little more than what yours truly had expected.

Alright; who won it? That’s the million dollar question. Or rather, a billion dollar question. Verizon, as most of us expected, has walked away with a huge number of licenses. AT&T came second, winning a considerable number of small licenses.

Verizon was the huge winner in the coveted C Block of the spectrum. It won six regional licenses which are large enough to help it make a national level impact. It also ended wrapping up 77 small licenses in the B Block of the spectrum. Verizon, according to sources, paid a whopping $4.7 billion.

AT&T grabbed 227 small licenses which it plans to use to improve its coverage in the weaker areas. The amount paid by Verizon and AT&T comes to a mind boggling $16 billion.

Wait a sec; did I miss out something? Well; the big daddy G. What about Google? Well; it’s a brilliant story. I’ll come up with a separate post on that.

Categories: All things mobile phones.

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