Verizon Wireless told Wall Street Wednesday that it will take par...
Verizon Wireless told Wall Street Wednesday that it will take part in the 700 MHz auction set to start Jan. 24. Speaking to the UBS annual conference, Denny Strigl, Verizon Wireless chief operating officer, confirmed the carrier’s participation but…
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declined further comment. “Because of FCC anti-collusion rules, I can’t provide any commentary beyond what I've just told you,” Strigl said. MetroPCS also confirmed its participation at the UBS Conference. MetroPCS Chief Financial Officer Braxton Carter also declined to elaborate, citing the “extreme” anti-collusion restrictions. Clearwire, which is building out a WiMAX system, won’t bid, it said in a filing to the Securities and Exchange Commission. T-Mobile USA and EchoStar are still silent on participation. EchoStar’s stock took a hit after Wachovia cited a news report saying the direct broadcast satellite services provider was participating. “Speculation of an AT&T-EchoStar deal could be significantly diminished if EchoStar filed for the auction,” David Barden of Bank of America Equity Research wrote Wednesday. “While we continue to believe that AT&T has little interest in buying EchoStar, particularly at current levels, speculation would likely be resurrected if the company did not file.”