AT&T were the top bidders in the
FCC‘s C-band auction, which grossed more than $81 billion. The FCC on Wednesday announced the top winning bidders, 21 bidders won all of the available 5,684 licenses.
Verizon, bidding as
Cellco Partnership, had total gross winning bids of $45.5 billion, and AT&T Spectrum Frontiers LLC had $23.4 billion. These were followed by T-Mobile with $9.3 billion,
NewLevel II, L.P., also with $1.3 billion.
Verizon also won the largest number of licenses, at 3,511 licenses. Followed by AT&T with 1,621; United States Cellular with 254; T-Mobile with 142; and
Canopy Spectrum with 84.
Wells Fargo analyst, and Edward Moise Jr., a longtime spectrum investor.
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.
Verizon Communications Inc (NYSE:VZ), (TMUS) - Verizon Emerges As Top Bidder In $81B 5G Spectrum Auction benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.