Friday, March 13, 2020

Verizon and AT&T billions lead the spending for 5G licenses

The largest FCC auction in history as measured by the amount of spectrum sold ended this week as 3.4GHz worth of the country’s airwaves were snapped up by 28 companies.

The majority of that spectrum designated for 5G was purchased by companies affiliated closely with AT&T, T-Mobile and Verizon.

These results combined with similar auctions held in 2019, mean that more than 5GHz of spectrum has been sold off over the past two years, according to FCC Chairman Ajit Pai. “To put that in perspective, that is more spectrum than is currently used for terrestrial mobile broadband by all wireless service providers in the United States combined,” he said in a statement.

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Thanks to Jon Gold (see source)

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