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Thursday, 02/25/2021 3:56:52 PM

Thursday, February 25, 2021 3:56:52 PM

Post# of 3334
5G spectrum auction Verizon, AT&T and T-Mobile spend nearly $80B on 5G spectrum auction The FCC has announced the winners of a wireless airwave auction it conducted over the past few months which racked up a record $81B in bids. The mid-band spectrum, sometimes called the "Goldilocks band," is well-suited for 5G networks because it is able to transmit large amounts of data on a wavelength that can travel long distances. The 280-megahertz spectrum is also especially important to wireless giants who have been trying to fill out their spectrum portfolios. The big winners? Verizon (NYSE:VZ) - via its Cellco Partnership subsidiary - bid nearly $45.5B on the airwaves. AT&T (NYSE:T) - through AT&T Spectrum Frontiers - bid $23.4B, while T-Mobile (NASDAQ:TMUS) bid $9.3B (it already acquired some mid-band through its merger with Sprint). The results were in line with industry expectations and reflect how important securing licenses for the airwaves is for the carriers. "These record-breaking results highlight the demand and critical need for more licensed mid-band spectrum and demonstrate the importance of developing a robust spectrum auction pipeline," said Meredith Baker, CEO of CTIA (a trade group that represents the wireless industry)
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