AT&T, Verizon Dominate AWS-3 Auction
The FCC today published a list of companies that placed winning bids for the AWS-3 spectrum auction. The FCC auctioned off 1,600 licenses, for which 70 companies were competing. The 10X10MHz J Block was the most coveted section of airwaves. The G, H, and I blocks are all 5x5MHz channels, but also saw competitive bidding. AT&T and Verizon won many of the J Block segments. For example, AT&T placed a $2.76 billion winning bid for J Block spectrum covering New York City. Verizon, however, won the J Block covering Washington, D.C., and Baltimore with a $966 million bid. Aside from AT&T and Verizon, T-Mobile, Northstar Wireless, Advantage Spectrum, and SNR Wireless LicenseCo (Dish) won the majority of the licenses. The FCC was hoping to raise $10.54 billion and instead raised $41.32 billion. AT&T's bids alone totaled $18.2 billion, while Verizon bid $10.4 billion and T-Mobile bid $1.8 billion. The two bidding entities tied to Dish Networks totaled $13 billion. The $41.3 billion auction total is slightly smaller than the FCC earlier reported due to discounts and incentives.
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The FCC today published the winners of the recent Auction 105 for part of the 3.5 GHz band. Verizon shelled out $1.9 billion for 557 licenses covering 157 counties, likely covering major cities.
I was just thinking...
Where does all this money go? Anybody know? Its OK. I don't think Congress does either.
Bombs. Guns. Tanks and drones. In no particular order.....