The Deal
Sunday, November 22, 
5:48 am

Google in on the hunt for wireless spectrum

Posted on November 30, 2007 at 10:50 AM
Filed under: Acquisitions | Corporate Strategy
[ Share ]  [ E-mail ]  [ Leave a Comment ]
googphone.png

Google Inc.'s Chris Sacca, head of special initiatives, is pretty enthused about the Federal Communications Commission's upcoming auction of wireless spectrum in the 700 megahertz. Referring to chairman and CEO Eric Schmidt's comments, Sacca wrote on the official Google blog that "regardless of how the auction unfolds, we think it's important to put our money where our principles are. Consumers deserve more choices and more competition than they have in the wireless world today."

The broadband dominance of cable and phone companies will be challenged on Jan. 24, when the auction officially begins. Google is looking to get the "C Block" of the spectrum for a reserve price of $4.6 billion. If Google gains the ability to become a mobile phone or Internet service provider, it could partner up with other firms to challenge the mainstream competitors.

Also, The Deal reports that the FTC is poised to approve Google's $3.1 billion acquisition of online ad provider DoubleClick Inc., without any conditions. — Baz Hiralal

Read Sacca’s post
Go the FCC auction story
Go to the DoubleClick story

Join Corporate Dealmaker's LinkedIn forum

Comments
Post a comment


Search


Search For

Corporate Dealmaker Video


Deal Economy 2010: Avaya's Ali on digesting Nortel

Avaya Inc.'s Mohamad Ali on the company's next target.
Decade of The Deal


Movers & Shakers


Juergen Lasowski
Onyx Pharmaceuticals Inc.

Edward Swallow
Northrop Grumman Corp.

Owen Mahoney
Outspark

Alice Kim
FLO TV Inc.

Eric Hausler
Isle of Capri Casinos Inc.
Juergen Lasowski, Onyx Pharmaceuticals Inc.
Edward Swallow, Northrop Grumman Corp.
Owen Mahoney, Outspark
Alice Kim, FLO TV Inc.
Eric Hausler, Isle of Capri Casinos Inc.


COMPLETE MOVERS & SHAKERS ARCHIVES

The Magazine


MACDdec1cover.gifAnd the winners are...
Even in a period when things like toxic credit default swaps and noxious structured investment vehicles dominate the conversation in many parts of the deal community, people are still willing to take the time to recognize skill and achievement in the strategic transactions that help those companies adapt and grow.
View the complete issue


Last Issue
Archives
Suggest a topic
Purchase a reprint
Subscribe to The Deal


Monthly Archives


Syndicate

Contributors

footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg footspacer.jpg


©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.