NEW YORK: The US government soon will reveal which companies want to bid on airwaves in the next multibillion-dollar spectrum auction. Who’s not on the list, due out as soon as this week, could be as significant as who is.
Not only has cash-tight Sprint Corp declined to join, but rich outsiders like Google Inc are also sitting this one out. If no surprise bidders emerge to drive up prices, carriers may be able to grab valuable wireless space at a bargain after the record US$41bil they paid in an auction last year.
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