| Friday May 27th 2016

Verizon Wireless wins C block in airwave auction

vzw.jpg Google never wanted to win it but LOL @ Verizon for overpaying more than they make in a year just in hopes of beating Google…

WASHINGTON – Verizon Wireless, a joint venture of Verizon Communications Inc (VZ.N: Quote, Profile, Research) and Vodafone Group Plc (VOD.L: Quote, Profile, Research), won a nationwide wireless license known as the “C” block in a government auction, the U.S. Federal Communications Communication said on Thursday.

Verizon Wireless made a top offer of $4.74 billion for the C block spectrum, giving it control of a major piece of the airwaves being vacated by television broadcasters as they move to digital from analog signals in early 2009.

The FCC also said that AT&T (T.N: Quote, Profile, Research) had won 227 licenses from among the “B” block of regional licenses. (Reporting by Peter Kaplan; Editing by Leslie Gevirtz)


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