Verizon says it doesn’t need to worry about big spectrum purchases anymore
See the original posting on The Verge
After spending $10.4 billion in the latest spectrum auction a sum that was only good enough for third place Verizon Wireless is cooling off on the idea that it needs to make monumental spectrum purchases to keep its cellular network humming along. “Entering the auction, there were no markets where we felt compelled to acquire spectrum,” said Verizon’s Tony Melone during a conference call with shareholders. AT&T, the second-largest US carrier behind Verizon, spent $18.2 billion in the AWS-3 auction.
Verizon didn’t invest as heavily in the record-breaking auction, but Melone suggested the company is very pleased with its standing after picking up 181 new spectrum licenses, and now holds enough spectrum to comfortably “meet the…