Verizon May Have Sat Out 3.45 GHz Auction: New Street

Results of the 3.45 GHz auction are likely to be made public as early as this week, New Street’s Philip Burnett told investors Monday. Burnett said the consensus seems to be that AT&T spent $9 billion, T-Mobile $6 billion, Dish Network $5 billion and Verizon just over $2 billion. That could be wrong, with Verizon more likely to have taken a pass, he said. “Our conviction that Verizon sat out isn’t especially high, but we’d note that Verizon” management has gone “to serious lengths to point out the deficiencies in 3.45 GHz … when compared to C-Band, which they described as a ‘clean’ band of spectrum,” he said: “We also believe that the equipment initially deployed to towers by Verizon for C-Band isn’t compatible with 3.45 GHz spectrum.”