AT&T Lines Up $9.2 Billion to Pay for Spectrum
AT&T has padded its balance sheet with cash as the AWS-3 spectrum auction winds down. The company has lined up loans and credit facilities totaling $9.2 billion. The company also made billions of dollars of bonds available to investors late last year. Verizon is weighing whether or not to sell some of its landline assets in select markets to help pay for the new spectrum, though it hasn't made a final determination. Bids for the AWS-3 auction have reached about $45 billion and AT&T and Verizon Wireless are likely leading the bids.
U.S. Carriers Share Galaxy S9 and S9+ Launch Plans and Pricing
All four major carriers in the U.S. plan to sell the Samsung Galaxy S9 and S9+ beginning in March.
Android Messages with RCS to Reach More Phones On More Carriers
Google says its Android Messages app is on the upswing thanks to new RCS-based tools and growing support from phone makers and wireless network operators. To start, brands now have more power to interact with consumers thanks to RCS business messaging.
FCC Awards Spectrum Licenses to AWS-3 Bidders
The FCC today officially granted some winning bidders in the AWS-3 spectrum auction the licenses allowing them to take ownership of the airwaves. The AWS-3 spectrum auction concluded earlier this year, with AT&T, Dish Networks, T-Mobile, and Verizon Wireless the top four bidders.
FCC Denies Dish $3.3 Billion in Auction Discounts
The FCC has officially and unanimously rejected Dish Network's $3.3 billion in AWS-3 spectrum auction discounts. Dish used three smaller companies, in which it owned an 85% stake each, to place bids on its behalf.
Dish's Designated Entities Give Up 197 Spectrum Licenses
Northstar Wireless and SNR Wireless LicenseCo surrendered 197 AWS-3 spectrum licenses and paid a $413 million fine to the FCC for defaulting on their $3.3 billion payment. Dish Networks participated in this year's auction through Northstar and SNR.