Time Warner Considers Wireless Bid
While it does not mean the company will end up bidding, Time Warner Cable said Wednesday that it would register with the Federal Communications Commission to participate in a wireless auction slated to begin next month. The company's chief executive Glenn Britt made the announcement at a meeting of investors, saying, "we're evaluating whether it would make sense for [us to bid on] wireless spectrum."
The auction, which begins June 29, is expected to raise some $8 to $15 billion for the federal government. The frequencies reside in the 1710-1755 Megahertz and 2110-2155 Mhz bands -- the same that are required for third-generation wireless technologies such as UMTS. Several companies, most notably T-Mobile USA, are looking at the auction to help launch their high-speed data services.