Analysts: Verizon Spectrum Bid Risky, But Not Necessarily Nuts
Bloomberg reports that Verizon Wireless, the biggest winner of airwaves in a government auction that ended this week, may have made a risky investment, Goldman Sachs Group said:
“The company spent $9.36 billion on airwaves in three blocks, each with their own challenges,” Goldman analyst Jason Armstrong said in the report. “With the biggest block, bought for $4.74 billion, Verizon needs to let any type of device run on the network. Another block may have interference, and a third chunk came at an extremely high price.”
According
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