Google Unlikely to Win Spectrum Auction
Bidding on the “C block”- part of the FCC’s 700 MHz spectrum- in the current auction has reached a level much higher than the government agency expected- and according to one report, Google doesn’t mind not winning.
Forbes reported Thursday that Verizon is likely to win the bidding for that coveted piece of the spectrum- but that Google is not quite disappointed, since they won’t have to shell out the billions of dollars needed to win. A Verizon win, especially for a huge dollar sum, would allow Google to “exit the auction gracefully and direct its billions elsewhere.”
The strategy for Verizon, meanwhile, was not to bid for the C block directly, but rather to win several regional slices. Under the auction’s rules, if regional bids are of a greater amount than the full C block amount, that block is apportioned to the highest bidder.