Verizon's Wireless Airwaves Binge

Giant telcos such as Verizon and Cingular are placing huge bets on the FCC's Auction 66. And they're dealing with a phalanx of feisty smaller rivals

Verizon Wireless (VZ) wants access to airwaves. Lots of them. That's why the No. 2 U.S. mobile-phone company has emerged as one of the biggest bidders in Auction 66, the largest U.S. government sale of airwaves for sending wireless calls and data.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.