Submitted: October 18, 2012 - 7:37pm
Last updated: October 18, 2012 - 7:50pm
Location:
Department of Justice, 950 Pennsylvania Avenue, NW, Washington, DC, 20530-0001, United States
In the past month, to the complete surprise of just about every analyst and industry watcher, foreign investors spent the equivalent of $25 billion to invest in competing carriers T-Mobile and to acquire control of Sprint and ClearWire. AT&T has announced a whole bunch of network upgrades such as repurposing its 2G spectrum, clearing up the interference in the WCS band, and a seemingly endless stream of license acquisitions. While the last is perhaps not so unusual, U.S. Cellular has likewise been spending money to cobble together a broader footprint using the less—than—stellar—but—better—than–nothing 700 MHz A block. Quite a turnaround from the start of 2011, when the industry appeared on a glide-path for a duopoly. So what happened?