AUCTION NEWS: Verizon Wireless throws weight around
WASHINGTON—
Verizon Wireless staked a claim to all six of the largest licenses for sale in the advanced wireless services auction, bidding $3.5 billion in round 14 of the auction for 20 megahertz of spectrum covering the entire continental United States.
Verizon Wireless’ highest individual bid was $927 million for the F-block license covering the Northeast region of the United States; previous high bidders included Dolan Family Holdings L.L.C., which is backed by Cablevision System Corp. chairman Charles Dolan. Dolan Family Holdings had eight high bids in round 14, including bids for 10 MHz blocks in various parts of New Jersey, New York and Connecticut.
Verizon Wireless staked a claim to all six of the largest licenses for sale in the advanced wireless services auction, bidding $3.5 billion in round 14 of the auction for 20 megahertz of spectrum covering the entire continental United States.
Verizon Wireless’ highest individual bid was $927 million for the F-block license covering the Northeast region of the United States; previous high bidders included Dolan Family Holdings L.L.C., which is backed by Cablevision System Corp. chairman Charles Dolan. Dolan Family Holdings had eight high bids in round 14, including bids for 10 MHz blocks in various parts of New Jersey, New York and Connecticut.
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