Wells Fargo on Target in Incentive Auction Analysis, Calabrese Says
New America Wireless Future Project Director Michael Calabrese agrees with Well Fargo’s skepticism about likely bidding in the FCC incentive auction (see 1605180039). “The Wells Fargo analysis is not surprising, particularly with respect to the limited appetite of Verizon and…
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AT&T for more expensive TV spectrum,” Calabrese emailed. “Together they already hold 80 percent of all low-band coverage spectrum. And one of them will gain access to public safety’s allocation. We expect the two largest carriers to focus their energies and investment dollars on the far less expensive, higher-frequency spectrum, at 3.5 GHz, 28 GHz and even higher up, which they can use in targeted urban areas to expand capacity, not coverage.” Calabrese is a member of the Commerce Spectrum Management Advisory Committee. Some others had doubted the analyst report.