As wireless carriers wage a war on prices, a lesser known battle is taking place -- one of equal importance.
Verizon (NYSE:VZ), AT&T (NYSE:T), and T-Mobile (NASDAQ:TMUS) are all moving aggressively to modernize their networks by improving data speeds and call quality. Without holding a deep spectrum portfolio, wireless carriers are limited in their ability to juice network quality.
Accordingly, November 13th is an important date for telecom investors. The FCC will be holding its auction for wireless spectrum and the three major carriers are all positioning to bid on the $10 billion plus of spectrum the FCC will be licensing to carriers. But where is Sprint (NYSE:S) and why is satellite provider Dish Networks (NASDAQ:DISH) interested in bidding?
In this weeks tech edition of Where the Money Is Fool tech analyst Nathan Hamilton discusses details of the AWS-3 auction and why it is so important for investors.