The embargo has been lifted for the FCC's recent 700 MHz auction details. Both Verizon and ATnT won their bids for blocks of the auction. Today both companies explain what the winning bids mean to their networks and their customers. Here is Verizon's release today, and we will post ATnT's release next.
"Verizon Wireless said today that the spectrum it gained in the FCC's recent 700 MHz auction is a critical piece of its overall broadband strategy to take advantage of the enormous opportunity for growth in data services in the future. The spectrum will allow the company to capture the full potential of its announced plan to deploy a Long Term Evolution (LTE) network and Open Development Initiative and the resulting next wave of wireless innovation. The company's comments were made in a conference call with the investment community this morning.
Verizon Wireless was the winning bidder for a nationwide spectrum footprint (excluding Alaska) in the FCC-termed C-Block group of licenses, plus 102 licenses for individual markets around the country.
In all, the company will pay $9.36 billion for these licenses, which equates to $1.03 per MHz Pop, compared with the auction average of $1.20.
The FCC announced the end of the auction on March 20, but the company was limited in commenting until the Commission?s anti-collusion quiet period rules ended late in the day on April 3.
The new spectrum, which will not be completely cleared for use until mid-February 2009, will increase the company?s average spectrum depth per market to 82 MHz, from 52 MHz today.
Verizon Wireless plans to launch its LTE network in the 700 MHz spectrum in the 2010 timeframe. The company said the breadth of the national C-block spectrum footprint, all in a single band and with a depth of 22 MHz, provides a speed and performance advantage that will be ideal for connecting a variety of consumer electronics, from wireless phones to medical devices to gaming consoles. In addition, the 102 individual licenses in the A and B-blocks provide additional growth capacity in key markets.
?The spectrum we purchased in this auction, combined with our existing portfolio, provides new flexibility as we execute our high-growth business model,? said Lowell McAdam, the company?s president and CEO.
?We now have sufficient spectrum to continue growing our business and data revenues well into ? and possibly through ? the next decade, and this is the very best spectrum with excellent propagation and in-building characteristics. We also believe that the combination of the national, contiguous, same-frequency C-block footprint and our transition to LTE will make Verizon the preferred partner for developers of a new wave of consumer electronics and applications using this next generation technology.
?In all, this spectrum positions us well to preserve our current advantage and reputation as the nation?s most reliable wireless network and the leader in data services. This is a wise investment in future data growth opportunities,? he said.
Following are the licenses for which Verizon Wireless was the winning bidder:
22 MHz C Block Markets Northeast Southeast Great Lakes Mississippi Valley Central West Hawaii
12 MHz A Block Markets NYC-Long Is. NY-NJ-CT-PA-MA-VT Phil.-Atl. City PA-NJ-DE-MD Wash.-Balt. DC-MD-VA-WV-PA Orlando FL Miami-Fort Lauderdale FL Tampa-St. Petersburg FL Atlanta GA-AL-NC Cincinnati-Hamilton OH-KY-IN Cleveland-Akron OH-PA Detroit-Ann Arbor-Flint MI Grand Rapids-Muskegon MI Chicago-Gary-Kenosha IL-IN-WI Indianapolis IN-IL Kansas City MO-KS Minneapolis-St. Paul MN-WI-IA Oklahoma City OK Dallas-Fort Worth TX-AR-OK Austin-San Marcos TX Houston-Galveston-Brazoria TX San Antonio TX Denver-Boulder CO-KS-NE LA-Riverside-Orange Cnty CA-AZ Fresno CA San Fran.-Oakland-San Jose CA Sacramento-Yolo CA
12 MHz B Block Markets Los Angeles-Anaheim, CA * Chicago, IL * Miami-Fort Lauderdale, FL * Cincinnati, OH-KY-IN * Rochester, NY Memphis, TN-AR-MS Oklahoma City, OK * Greensboro-Winston-Salem, NC Charlotte-Gastonia, NC Youngstown-Warren, OH * Raleigh-Durham, NC West Palm Beach-Boca Raton, FL * Columbus, GA-AL Lubbock, TX Amarillo, TX Yakima, WA Waco, TX * Lake Charles, LA Alexandria, LA Longview-Marshall, TX Fort Collins-Loveland, CO * Bradenton, FL Anderson, IN * Athens, GA * Tyler, TX * Texarkana, AR-TX * Pueblo, CO Odessa, TX Billings, MT Laredo, TX * Rapid City, SD Midland, TX Great Falls, MT Casper, WY Colorado 2 ? Logan * Colorado 4 ? Park * Colorado 5 ? Elbert * Florida 3 ? Hardee Idaho 1 ? Boundary Idaho 5 ? Butte Indiana 4 ? Miami * Kansas 7 ? Trego Kansas 8 ? Ellsworth Kansas 11 ? Hamilton Kansas 12 ? Hodgeman Kansas 13 ? Edwards Louisiana 1 ? Claiborne Louisiana 2 ? Morehouse Louisiana 3 - De Soto Maryland 3 ? Frederick * Montana 7 ? Fergus Montana 8 ? Beaverhead Montana 9 ? Carbon Nebraska 1 ? Sioux Nebraska 2 - Cherry Nebraska 7 - Hall Nebraska 9 - Adams Nevada 3 - Storey New Jersey 2 ? Ocean * New Mexico 5 - Grant New Mexico 6 - Lincoln Oklahoma 4 - Nowata Oregon 3 - Umatilla South Dakota 1 - Harding Texas 2 - Hansford Texas 6 ? Jack * Texas 18 ? Edwards * Texas 19 - Atascosa Utah 1 - Box Elder Utah 4 - Beaver Utah 5 - Daggett Utah 6 - Piute Virginia 10 ? Frederick * Washington 2 - Okanogan Washington 5 - Kittitas Washington 8 - Whitman Wyoming 2 - Sheridan
* indicates majority of Pops overlap with an A license"