Wireless Industry News » Comcast Throws Hat in the Ring for Forward Auction
Comcast CFO Michael Cavanagh said the cable and internet company will have a paddle to bid in the FCC’s upcoming forward spectrum auction.
According to Cavanagh, Comcast’s entrance into the participant ring is non-committal and any spending that might occur will not impact the company’s planned $5 billion in buybacks this year.
“We're going to take a paddle on the auction, which means we're going to evaluate, consider and may purchase, but only if we think the price is right after we do our evaluation of what's available,” Cavanaugh said. Read More