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Verizon Wireless takes lead in AWS auction


Posted: 16 Aug 2006

The advanced wireless spectrum auction is heating up and Verizon Wireless is starting to show its size. At the end of 14 rounds Verizon Wireless is the top bidder for the top six spectrum licenses. The price tag for that air is currently $3.5 billion, but the auction is far from over and prices are still rising rapidly.

T-Mobile lead the pack in the first round but has fallen behind since. Discount carriers MetroPCS and Cricket have both been active. Overall the auction currently has $7.3 billion in bids. Insiders have said the total could push $15 billion when all is said in done.

Top 10 Highest Bidders by the end of Round 14
Bidders Net total of high bids
1. Verizon Wireless $3.5 billion
2. MetroPCS $1.2 billion
3. Cricket $801 million
4. SpectrumCo $619 million
5. Denali Spectrum $316 million
6. Cingular $136 million
7. Barat Wireless $131 million
8. T-Mobile $103 million
9. Dolan Family $79 million
10. Atlantic Wireless $44 million
VIA www.rcrnews.com
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