Apple Joining Consortium Bid for 700MHz?
The latest reports suggest that Apple Inc. (Nasdaq: AAPL) is joining a Google (Nasdaq: GOOG)-led group to bid on the wireless broadband bandwidth. (See FCC Straddles Open Access Issue.)
This makes good sense for the software and hardware titans of tech-world, since winning a bid could represent a total outlay of $10 billion or thereabouts for the companies involved. Ouch!
Nonetheless, I suspect that -- even if they win -- Apple, Google, and others will partner with an established carrier to run the service. One look at the difficulties Google has had bringing a free WiFi network to fruition in San Francisco will show you why the IT giants would still need an experienced partner in such a new venture. Sprint Corp. (NYSE: S) looks to me like the logical choice at the moment, but that could change over time. (See SF Muni Project on the Ropes.)
— Dan Jones, Site Editor, Unstrung