"We have sufficient spectrum holdings below 1 GHz," says Chief Network Officer Nicola Palmer. "We have strong spectrum holdings in the 700, 850, 1900 megahertz (MHz)/PCS, AWS 1 and 3 spectrum bands. So why didn’t we bid on the 600 MHz spectrum? We simply don’t need it."
Verizon has 40 MHz of fallow spectrum ready for 4G, enough to move from two bands of 20 MHz to four bands and roughly double capacity. Palmer points out 3G traffic is dwindling rapidly, allowing VZ to refarm 3G spectrum.