Google: We Bid To Trigger Open Access; Was Willing To Acquire Spectrum
By Joseph Weisenthal - Fri 04 Apr 2008 04:16 AM PST
With the lifting of the 700 MHz quiet period, Google (NSDQ: GOOG) can now confirm what everyone suspected: its bidding in the 700 MHz auctions was primarily about triggering the open access rules. In a post on the official Google blog, two of its lawyers explain its bidding strategy, noting that the company was prepared to acquire spectrum at a price above the reserve: “...in fact, for many days during the early course of the auction, we were the high bidder. But it was clear, then and now, that Verizon Wireless (NYSE: VZ) ultimately was motivated to bid higher (and had far more financial incentive to gain the licenses).”
Meanwhile, the winning bidders, having just committed large chunks of cash, are sure to love this line: “Based on the way that the bidding played out, our participation in the auction helped ensure that the C Block met the reserve price. In fact, in ten of the bidding rounds we actually raised our own bid—even though no one was bidding against us—to ensure aggressive bidding on the C Block.”
And Google isn’t done with its efforts to affect wireless policy. The post reminds that it’s still pushing the FCC to open up vacant “white space” and it plans to influence a D-block re-auction. Full post.
Posted in: Companies, Google, Operators, Verizon, Legal, Regulatory
Tags: 700 mhz,






