Cable & Telecom

None of the four largest U.S. wireless carriers are coming for the 700 MHz auction

TORONTO – Scotia Capital analyst Jeff Fan told investors on Wednesday what many had already expected: None of Verizon, AT&T, Sprint, or T-Mobile USA have submitted applications to take part in the 700 MHz wireless spectrum auction here, he wrote in a note to clients, after speaking with officials at each company. This is good news for Canadian telecom shareholders. “We believe the absence of a large US operator removes a threat for the Canadian wireless carriers,” he wrote. “We believe their decisions to not enter is due to their focus on the domestic market, the lack of attractive return...