New Report Claims Wireless Spectrum Auction Hurting Economy
Verizon Wireless commissioned a report to investigate the impact of the Nextwave sprectum controversy. The report claims that the FCC’s refusal to release the Nextwave spectrum or let carriers off the hook for their bids on the spectrum is costing the US economy somewhere between $19 billion and $52 billion. The study claims that the spectrum delays are preventing the development of new wireless services. Obviously, Verizon wants its money back. But claiming that the economy is losing money because of a lack of services is a pretty weak argument when you consider that they are rolling out new services all the time and people just aren’t biting. Their claim would be much stronger if they were overwhelmed with demand for their wireless data services.