Microsoft's Wireless Bet

Photograph by S.K. Zimsam/Getty Images

It’s hard to break into the market for wireless data. Spectrum licenses—the exclusive right to use a range of bandwidths—cost a lot of money at auction, and are hard to come by in secondary markets. Witness AT&T’s failed attempt to buy T-Mobile, in the estimation of this magazine—and most other market observers—a move to acquire a company only accidentally, on the way to acquiring that company’s spectrum licenses. Tough luck, then, for even a large company to get into the market for wireless data.

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