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Verizon and AT&T Score in 700Mhz Auction:
Amidst frenzied media coverage and hopes for changes to the nation’s wireless infrastructure, the 700MHz auction came to a close this week after raising $19.59 billion. Much like a political election, the incumbents won, and talk of change will likely remain just that — talk. Verizon Wireless, a joint venture between Verizon Communications and Vodafone, won the majority of the C block with a bid of $4.74 billion and AT&T picked up 227 licenses in the B block of regional licenses, the FCC said this afternoon.