As you might remember, Verizon Wireless won in FCC auction. The company got the C block of 700-MHz spectrum - the 22-MHz band which was abandon by TV broadcasters. Making a wise investment, Verizon Wireless could be the leader in telecommunications starting from 2010 when the company will deploy its fourth - generation Long Term Evolution (LTE) technology.
"We now have sufficient spectrum to continue growing our business and data revenues well into - and possibly through - the next decade, and this is the very best spectrum with excellent propagation and in-building characteristics," said Verizon Wireless CEO Lowell McAdam.
The other big winner of the auction is AT&T which got the B-block of 700-MHz spectrum in 12-MHz band. The company also plans to launch its fourth-generation LTE technology from 2010.
Besides the companies profits, the consumers will benefit from this auction. The two companies plan to release new data services like video messages for example. The opportunities are amazing. The 4G networks will allow high transfer speeds, perhaps around 100MBps. In addition new chips, new devices and new services will be available for population.
via Yahoo News
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