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AWS-3 spectrum auction yields $45 billion in bids, AT&T at top of heap

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AWS-3 spectrum auction yields $45 billion in bids, AT&T at top of heap

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The FCC just lately finished an auction of AWS-3 spectrum elevating virtually $45 billion in bids in the method. The quantity raised used to be relatively a little greater than the FCC’s ultimate large spectrum auction held in 2008 once they raised $19.1 billion promoting 700MHz spectrum. The large participant in this spherical became out to be AT&T which bid just about $18.2 billion for 251 licenses. The largest bite of the ones have been in the New York City metro space. AT&T says the brand new spectrum is helping them duvet 96 % of the G.O. inhabitants with AWS-3 spectrum.

In slightly of wonder, the second one biggest bidder used to be DISH which grabbed $13.3 billion value of spectrum. DISH has been hoping to start out up a terrestrial LTE community to reinforce their satellite tv for pc services, so this recent acquire would possibly lend a hand them with that objective. The different massive bidders incorporated Verizon and T-Mobile who additionally wish to reinforce their networks in anticipation of increasing their complex community services in the approaching years. Sprint didn't take part in this auction as they get ready to speculate in 600MHz spectrum in an auction scheduled for subsequent yr.

source: The Verge


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