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Verizon Wireless releases statement on results of FCC 700 MHz auction
Posted: 21-Mar-2008 [Source: Verizon Wireless]

[Verizon Wireless is big winner spending $9.63 billion winning all of the open-access, C-Block licenses covering the continental United States.]

Basking Ridge, NJ -- Verizon Wireless issued the following statement today (March 20) in connection with the Federal Communication Commission's announced results of Auction 73:

"We are very pleased with our auction results. Specifically, we were successful in achieving the spectrum depth we need to continue to grow our business and data revenues, to preserve our reputation as the nation's most reliable wireless network, and to continue to lead in data services and help us satisfy the next wave of services and consumer electronics devices.

"The bids we won include a nationwide spectrum footprint covering 298M Pops, plus 102 licenses for individual markets covering 171M Pops.

"In compliance with the FCC's anti-collusion quiet period rules, Verizon Wireless cannot comment further until that period ends."

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