Deirdre McMurdy reports that "industry buzz" on the forthcoming spectrum auction would delay release of the rules to December 2007 with the auction to follow in May 2008.
Spectrum Auction Delay?
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student
I would like to hear Mr. Nowak’s and any other industry observer/analyst’s opinion on the impeding spectrum auction.
When do you anticipate the rules to be coming out considering Mr. Prentice’s recent comments?
Do you believe his meeting with the execs of Big 3 in Canada this late in the game was purposeful and if so, what do you believe are the reasons for this? In my opinion, a meeting this late in the game indicates that a decision has already been made and this was IC’s way of softening the blow to the Big 3. But I could be dead wrong.
Finally, I know Mr. Nowak has followed the developments at Look Communications and Unique Broadband Systems. What are his opinions at this point in time considering we’re about a year in since Greenhill was acquired to sell part or all of both companies. And we’ve seen the original $480M lawsuit expand to include Rogers, BCE and Inukshuk Wireless Partnership and also a separate suit aimed at BCE over the billing disputes. Furthermore, the legal counsel for Look/UBS has “blurted out” that BCE was willing to pay “hundreds of millions of dollars” for Look. I anticipate that these developments signal significant interest by the big 3 in Look but also the hesitation of Look and UBS’ management to sell both companies and settle the suit simultaneously.
Again, I follow the telecom sector quite closely and would really appreciate hearing some thoughts and opinions.
Thank you.