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To: Bernard Levy who wrote (7570)7/12/2000 2:38:16 PM
From: Raymond Duray  Read Replies (1) | Respond to of 12823
 
Re: European 3G Auctions, Bidder Field Narrows

Hi Bernard,

What is happening in the pre-auction manoeuvering in Holland and Germany would indicate that the industry is realizing how out-of-scale the British auction was. Several of the potential bidders have dropped out of these auctions and others are consolidating their efforts. The result is that there are very subdued expectations for prices in these upcoming auctions. Britain was an anomaly, and I feel certain that some relief from these irrational bids will have to be forthcoming sometime within the next couple years. Pure speculation on my behalf.

Stories related to the European 3G auctions here:
"KPN, DoCoMo and Hutchison seal Euro mobile deal"
totaltele.com

"Euro hook-up could cut 3G windfalls"
totaltele.com

"Two quit Dutch 3G auction at last minute"
totaltele.com

Best, Ray



To: Bernard Levy who wrote (7570)7/12/2000 6:53:03 PM
From: Z268  Read Replies (1) | Respond to of 12823
 
Re: 3G auctions

Word HAS got around that the UK 3G auctions were way overboard. That is why numerous partnerships have been formed to reduce the # of bidders, and therefore prices, for the other European auctions. This may well happen here as well, as each national footprint will fetch $25B conservatively.

Thing is, the US spectrum allocations are now so far out of sync with the rest the world it's beyond ludicrous. Guess we don't need the rest of the world.......??