FCC says Verizon, AT&T, T-Mobile won $78 billion in C-Band spectrum auction
FILE PHOTO: The Federal Communications Commission (FCC) logo is seen before the FCC Net Neutrality hearing in Washington February 26, 2015. REUTERS/Yuri Gripas
Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.
WASHINGTON (Reuters) - The Federal Communications Commission said the three largest U.S. wireless companies won $78 billion in bids in the government's auction of a band of C-Band spectrum critical to next-generation 5G networks.
Verizon Communications successfully bid $45.4 billion for 3,511 licenses, while AT&T won with $23.4 billion for 1,621 licenses and T-Mobile won with $9.3 billion for 142. In total, the FCC said there were $81.2 billion in winning bids.
(Reporting by David Shepardson; editing by Jonathan Oatis)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Verizon Frontline supports public safety for Alan Jackson benefit concert
- United Natural Foods (UNFI) sees 2024 EPS of over $5.25
- Tonix Pharma (TNXP) says plans advancing to construct commercial-scale manufacturing facility to develop and manufacture vaccines in Bitterroot Valley
Create E-mail Alert Related CategoriesCorporate News, Reuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!