Verizon Wireless executives questioned the logic of placing...
Verizon Wireless executives questioned the logic of placing restrictions on bidding by any carrier in the incentive auction of broadcast TV spectrum in a meeting with FCC staff, including Gary Epstein, head of the Incentive Auction Task Force (http://bit.ly/1dXfQCq). “We…
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noted that proposals to restrict Verizon’s and AT&T’s ability to participate in the Incentive Auction lack a factual foundation,” the carrier said in the ex parte filing. “For example, firms advocating bidding restrictions for Verizon and AT&T provide no evidence that they would be unable to acquire 600 MHz spectrum in the auction in the absence of such restrictions. Nor do they assert that they have been unable to acquire the spectrum they need in other auctions or in the secondary market.” Restrictions would also “artificially constrain demand,” the Verizon representatives said. “This, in turn, would prevent prices from rising to the levels they would under real demand conditions in an open bidding process.”