Clearwire Holding Spectrum Auction, Major Players Bidding?

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WiMax provider Clearwire is looking to auction off a slice of spectrum in each of its 55 markets, according to a report by Bloomberg. The sale, which could net anywhere between $2.5 and $5 billion, would give the company funds to build out its so-called fourth-generation network. Clearwire, a company held by several partners including Sprint, Comcast, Google, and Time Warner Cable, sells service under its own Clear brand while at the same time leasing spectrum to other providers, one of whom is Sprint.

The alleged auction is said to have drawn the interest of Verizon, AT&T, Deutsche Telekom AG, Time Warner Cable, and Sprint, any of whom may end up paying between 20 to 40 cents per megahertz of spectrum per American resident. Bloomberg is reporting that the company is looking to shed 40MHz of spectrum per market, according to its anonymous sources. It currently owns about 120MHz per market.

Source: Bloomberg

Via: eWeek

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Evan Blass
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