Verizon and AT&T dominate spectrum auction, spending combined $69 billion

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<div>Verizon and AT&T dominate spectrum auction, spending combined $69 billion</div>
Verizon and AT&T dominate spectrum auction, spending combined $69 billion
<div>Verizon and AT&T dominate spectrum auction, spending combined  billion</div>

Enlarge (credit: Getty Images | metamorworks)

Verizon and AT&T dominated the US government’s latest spectrum auction, spending a combined $68.9 billion on licenses in the upper 3GHz band.

Verizon’s winning bids totaled $45.45 billion, while AT&T’s came in at $23.41 billion. T-Mobile was third with $9.34 billion as the three biggest wireless carriers accounted for the vast majority of the $81.17 billion in winning bids, the Federal Communications Commission said in results released yesterday. US Cellular, a regional carrier, was a distant fourth in spending, at $1.28 billion, but came in third, ahead of T-Mobile, in the number of licenses won.

The auction distributed 280MHz worth of spectrum in the “C-Band” between 3.7GHz and 3.98GHz. This spectrum will help carriers boost network capacity with mid-band frequencies that cover large geographic areas and penetrate walls more effectively than the higher millimeter-wave frequencies that provide the fastest 5G speeds to very limited geographic areas.

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Source : https://arstechnica.com/information-technology/2021/02/verizon-and-att-dominate-spectrum-auction-spending-combined-69-billion/