Verizon says it will sit out the next spectrum auction [telecom]

Verizon says it has enough wireless spectrum, but is it just a stalling tactic?

The comments suggest Verizon won't need to participate in the next spectrum auction, but the carrier could just be buying time and pushing for more favorable terms.

Verizon has had its fill of spectrum, the radio frequencies that power all wireless service. At least, that's according to Verizon Communications Chief Technology Officer Tony Melone, who told investors on Tuesday that the company has enough spectrum to handle consumer demand for mobile broadband capacity for the next few years. That's largely due to the $10.4 billion it spent on the government auction that ended last month.

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