Mississippi’s Public Service Commission is redesignating the Eligible Telecommunications Carrier (ETC) status of 28 companies to receive approximately $138,973,318 in federal funds in 2024. The funding will serve to continue the expansion of voice and broadband internet services to unserved and underserved areas in Mississippi. An ETC requires annual certification.
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Verizon, AT&T and T-Mobile walked away with the vast majority of the C-band licenses up for grabs in the FCC s blockbuster midband spectrum auction.
As expected, Verizon spent the most: a whopping $45.5 billion for around 3,500 total licenses. According to the financial analysts at Evercore, Verizon acquired an average of 160MHz of spectrum across the entire US. The operator announced a $25 billion loan from JPMorgan Chase Bank to help pay for the licenses.
AT&T came in second by spending $23.4 billion for 1,621 licenses. According to Evercore, AT&T netted 80MHz in 95% of the country, with the remainder split between 60MHz and 100MHz. T-Mobile, meanwhile, spent $9.3 billion for 142 licenses, which cover around 68% of the US population.