Tuesday, October 17, 2006

Sprint / Cableco partners new purchase

Sprint and the cable companies have made a joint venture to do something wierd with wireless and wired communications. So, step one: Spend 2.37 Billion - with a B - to buy up honkin big chunks of new radio spectrum. And, what are they going to do with this?

Comcast Investor Relations: Investor News: "While no plans have as yet been finalized, including no specific plans to build out the networks at this time[...]"

Outch. Very nice. They dropped 2.3 billion and have no idea what they want to do with it.

More detail at the link above, and you can read all about cellular phone radio spectrum and the recent auction at PhoneScoop in their in-depth guide.
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