Google Bid in Auction Strictly to Trigger Open Access
Apr 3, 2008, 7:21 PM by Eric M. Zeman
Today Google announced that it intentionally bid in the recent FCC 700MHz spectrum auction to drive up the price so that it met the open access provisions. It said that in the early rounds of bidding, it was the high bidder. Google said that it was willing to win the auction, but Verizon continued to bid aggressively until it had the highest bid.
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Comments
A case of "monkey see, monkey do"
🤣 Google played Verizon like a harp. As if Verizon isn't enough in debt. Now they have to sell their stocks to come up with the cash for the spectrum. I wish google would've won the auction though. Imagine the possibilities.
The possibilities would be only two-fold.
1. A failed Google attempt at a wireless service offering.
2. Google selling or licensing it's spectrum to an established wireless provider in order to make any profit on the purchase.
1. A failed Google attempt at a wireless service offering.
2. Google selling or licensing it's spectrum to an established wireless provider in order to make any profit on the purchase.
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Verizon is in debt? That sucks if the most profitable wireless company is debt.. Please link the sources of your findings. Thanks in advance.
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🤣 so true....
