Gizmodo
Kicking off their Open Development Conference, the first thing Verizon did was throw up a massive disclaimer about the FCC's anti-collusion rule on the 700MHz auction, which prevents them from talking about their bid. The presenter's smirk and chit-chat about the disclaimer definitely seems to imply they won at least something at the auction. Update: At the end of the ODC keynote, Verizon's CEO name-checks the 700MHz band as somewhere they saw a great potential for innovation. Safe to assume they got some piece of that action.
Verizon Hints They've Won the 700MHz Auction
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9:16 AM on Wed Mar 19 2008
By matt buchanan
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11 comments
Comments
no,what they've won is a nintendo wii,a PS3,a Xbox 360 and a special suprise yet to be announced..
Does this mean my rates are going to go up to offset the purchase?
@akmarksman: But they have to click on five offers first from our sponsors.
@akmarksman: verizon got a wii?! no way!
how can verizon afford 19 billion, plus whatever equipment costs to roll out said wimax national data service? They must have some serious investors sharing the cost.
@toyotaboy: are you kidding? Verizon reported $93.5 billion in revenues last year alone.
Revenues? nahh, that doesn't matter. Liabilities V.S. Assets are more important to me.
93.5 billion minus Employee pay checks/bills/rent/losses/costs of doing business.
I doubt their profit is any where near that.
So.....there goes the google free open network dream.
:(
@ithcy: only $5.5B net income though... 19B is a large investment however i will all be on balance sheet so who cares since they will be taking "free cash" as the amortize and depreciate this..
They must be using all the money they saved on outsourcing customer service.
I wonder if Google got part of this as well, it would be nice to see some innovation come to the wireless stateside.
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