Jump to content

Gotta love Verizon


Recommended Posts



Verizon CFO: Our 700 MHz spectrum sale is not a 'fire sale'



October 18, 2012 | By Sue Marek




Verizon Wireless said it has many parties interested in purchasing its 700 MHz lower A and B Block spectrum, but company CFO and EVP Fran Shammo told investors on the company's quarterly earnings call that the spectrum is not a "fire sale." And if Verizon does not get the price it wants for the spectrum, Shammo said Verizon will put it to use.


"If we don't get fair value, we will use it internally," he said.


Verizon said in August that there were 64 companies interested in buying the spectrum. However, no deals have yet been announced. Some of the companies rumored to be interested in the spectrum include AT&T Mobility and U.S. Cellular. Shammo said the bidding process for the spectrum is complex and a lot of work still has to be done.


Shammo said he expects the company to be able to provide more details on the spectrum sale later this year or early next year. In addition, he said that any spectrum transactions will have to get FCC approval, which means they won't close until the third or fourth quarter of next year.


Verizon agreed to sell its 700 MHz Lower A and B Block spectrum if the FCC approved its $3.9 billion purchase of AWS spectrum from a group of cable companies. The FCC approved the deal in August.


Now wait a minute. It seems to me that for months VZW was swearing up and down that if the FCC approves their SpectrumCo AWS purchase, they'd sell off all of their 700MHz spectrum except for the upper C which they're currently using, of course. Now when it's time for the rubber to meet the road, they're waffling. If they don't get fair value they'll use it "internally"?! What the heck does that even mean. Typical VZW. Hopefully the FCC won't let them get away with their shenanigans.

  • Like 2
Link to comment
Share on other sites

I thought it was an FCC requirement that they divest the additional 700mhz spectrum to get the spectrumco deal to be approved...


Sent from my Galaxy Note 2 using Forum Runner

Link to comment
Share on other sites

But didnt the fcc also originally mandate that the network built with the 700mhz spectrum be " open"? . Verizon twists everything beyond what one would assume


The Upper 700 MHz C block 22 MHz licenses -- which is the only spectrum that VZW currently uses to provide LTE service -- have "open access" requirements that were triggered by exceeding predetermined reserve prices. The Lower 700 MHz A block 12 MHz and B block 12 MHz licenses in question here have no such requirements.



  • Like 3
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • large.unreadcontent.png.6ef00db54e758d06

  • gallery_1_23_9202.png

  • Posts

    • ...and I just this morning realized you meant Cumberland, MD.  It threw me because there's an Ashby in Cumberland County, VA, which I'm far more familiar with. - Trip
    • I don't have anything solid to offer on Cumberland, but I came down US-15 today and the water tower site in Weber City is now up and running with B2/12/4/71 (035ACCxx), I believe I saw new T-Mobile antennas on the tower at Sprouses Corner which I will try to confirm on Saturday (definitely not running if they're there), and I believe I may have connected to something that got converted in Farmville.  By process of elimination, my guess is Lancer Park, but I hope to find out tomorrow or Saturday. So upgrades are clearly coming.  You may want to see if your local government officials can tell you anything.  Probably not, but can't hurt to ask. - Trip
    • Interesting twist.  Today, I took off for southern Virginia and had my T-Mobile B71 phone (Revvlry on Android 10) and I noticed the GPS was bad as compared to my other two devices on SCP on the dash.  Couldn't get it to clear by toggling the Location Services box, so I quit and restarted SCP. When I did so, it first came up with the bad coordinates, then extremely rapidly zipped through from where it was stuck all the way up to where I was currently, like the coordinates were backlogged and then suddenly flushed out within a few short seconds.  More bizarrely, I noticed the same behavior on two other devices (Pixel 3a and Moto One 5G Ace, both on Android 11) and had to do the same thing to those.  I also dumped my trails on all three, assuming they were all bad by then.  The rest of my devices were correct. I was barreling down the highway at the time, so I couldn't investigate further.  Other than my quoted message above, I've never seen this behavior before, and now it seems to be widespread.  - Trip
    • Does anyone have any updates to the Cumberland/Mineral County area? Specifically looking to get TMHI in Ft. Ashby.
    • Actually, you are correct. It is possible Dish won't take it. Meanwhile both Dish and T-Mobile pretend they don't want it for negotiation purposes.
  • Recently Browsing

    • No registered users viewing this page.
  • Create New...