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Just as it said it would, a consortium headed by Sprint Corp. last week broke strong out of the gate in the long-awaited auctions for broadband personal communications services (PCS) licenses.
Dubbed WirelessCo, L.P., the Sprint consortium--which includes cable TV powers Comcast Corp., Cox Cable Communications, Inc. and Tele-Communications, Inc.--placed the high bid for a wide range of 30-MHz PCS licenses, including rights to regions surrounding Boston, Chicago, Dallas, Detroit and San Francisco.
The bids fill in the mobile portion of Sprint's broad-based strategy to provide flexible, single-source voice and data services to business customers.
Pending approvals, the same Sprintcable consortium is expected to attain ownership of competitive access...