Analyst: Big Auction Bucks Not A Slam Dunk

Craig Moffett, an analyst with MoffettNathanson said that optimism over broadcaster windfalls in next year’s spectrum auction could be very misplaced since it is premised on a belief that the wireless business is healthy enough to spend like it did in the AWS-3 auction. “The reality is the companies are not generating enough cash to be able to sustain the kinds of purchases that they made in the AWS-3 auction and to try to do it again,” said Moffett at the State of the Net Wireless Conference on Monday in Washington.