Verizon Sees No More Big Spectrum Grabs In Its Future

[cdmagurus.com]

Verizon today said it doesn't believe it will need to make any more large spectrum acquisitions following the results of the recent AWS-3 spectrum auction. Verizon netted $10.4 billion worth of spectrum licenses, covering many major markets around the country. Verizon may, when the opportunity arises, make small spectrum acquisitions or even lease spectrum, such as Sprint's 2.5GHz airwaves. For now, however, the company will focus on making the most-efficient use possible of its existing spectrum resources. Verizon's winnings ranked third in the AWS-3 auction, behind AT&T's massive $18 billion expenditure and Dish Networks' $13 billion. AT&T and Verizon have been forced to sell some assets in order to keep their balance sheets in order. For example, Verizon recently announced plans to sell some of its landline and fiber business assets to Frontier Communications. It is also selling some of its cell towers. Verizon hasn't yet said exactly how it will use its AWS-3 winnings.


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