Verizon and AT&T spent big in FCC C-band auction for 5G spectrum

The much-anticipated results of the FCC’s Public sale 107 are in, with Verizon and AT&T spending huge as anticipated on the coveted C-band spectrum. Verizon particularly spent almost twice as a lot as AT&T, with a complete spend of $45.4 billion. AT&T’s complete bid provides as much as $23.4 billion. T-Cellular is in a distant third at $9.3 billion, which was additionally anticipated due to the sturdy midband spectrum holdings that the corporate already had following its acquisition of Dash.

There’s nothing outright stunning right here: we’ve recognized for some time that the entire bidding added as much as over $80 billion, and that Verizon and AT&T particularly can be the highest bidders. These two carriers’ nationwide 5G networks presently depend on narrower low-band frequencies that supply speeds not a lot better than 4G LTE — and intensely quick millimeter wave frequencies that face vital protection challenges. If there’s any shock right here, it’s simply how way more Verizon spent than AT&T.

What stays to be seen is that if the brand new spectrum will assist both provider catch as much as T-Cellular. Some analysts don’t assume it’ll. In any case, the brand new frequencies received’t change into out there till the top of the 12 months on the earliest, and even then, they are going to be out there in restricted areas first.

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