In America, looks like Verizon and AT&T find a way. Bidder's rings are as old as auctions With just a few players they become easier to create. As a former Time Warner VP explained a while back, “We’ve become so good at signalling we don’t have to meet in airport motels anymore.”
AT&T President John Stankey and Verizon CFO Fran Shammo didn’t get together in an exclusive club and cut an auction deal. They could go to jail. Stankey at a public conference said they would bid $10B in the 2015 auction but weren’t particularly interested in the 2014. Soon after, Shammo told Wall Street they were focusing on the 2014 auction and wouldn’t commit to even entering 2015.
These are incredibly able executives likely to find a way to “bid rationally.”Add a comment