Lehman Bros. said Verizon Wireless paid average of $70.09 per pop...
Lehman Bros. said Verizon Wireless paid average of $70.09 per pop for 113 licenses it bought in FCC’s C-block auction for $8.8 billion (CD Jan 29 p1). Research note said it was “very interesting” that company with “one of…
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the strongest spectrum positions” before auction was most aggressive bidder. Strong stance Verizon Wireless took to acquire spectrum could be due to “bullishness” of venture partner Vodafone when it came to spectrum acquisitions, analysts said. Lehman said AT&T Wireless, investor in designated entity Alaska Native Wireless, focused on 30 markets where it needed to bolster spectrum position as it looked toward 3rd generation build-out. By adding 10 MHz in N.Y.C. and L.A., Lehman said, AT&T Wireless reached FCC’s 45 MHz spectrum cap in each of those markets through previous holdings of 10 MHz PCS license and 25 MHz cellular block.