Verizon CFO: Spectrum Sale to ‘Play Out’ in Q1 – 4G/LTE – Telecom News Analysis – Light Reading Mobile

Verizon Wireless now expects to sell parts of its A and B Block 700MHz spectrum and is developing internal plans for the rest of this 4G spectrum.

Verizon Communications Inc. (NYSE: VZ) CFO Fran Shammo gave some insight into those plans at the Wells Fargo & Co. conference Thursday. “We have to let this process play out and I think it will play out by the first quarter,” said Shammo.

“The auction is still ongoing and there we have some what I would call very serious discussions ongoing,” he told the financial crowd. Shammo reiterated that the operator doesn’t consider this spectrum a “bargain” buy and wants a “serious” price for the bandwidth.

via Verizon CFO: Spectrum Sale to ‘Play Out’ in Q1 – 4G/LTE – Telecom News Analysis – Light Reading Mobile.

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