AT&T and T-Mobile Clean up in FCC's 24 GHz Auction
The FCC today announced the results of its recent auctions of mmWave radio bands for 5G services. AT&T and T-Mobile were the big winners, both scoring 24 GHz licenses covering most major US cities, including New York, Los Angeles, Chicago, San Francisco, Philadelphia, Baltimore, Washington, Houston, Seattle, Boston, Dallas, Miami, Phoenix, Atlanta, Detroit, San Diego, Orlando, Minneapolis-St. Paul, Las Vegas, Denver, Portland, and San Antonio. AT&T and T-Mobile focused on 24 GHz while Verizon focused on 28 GHz. AT&T spent nearly $1 billion on 24 GHz licenses covering 383 markets. T-Mobile spent $803 million for 24 GHz licenses covering 400 markets, but also $39 million for 28 GHz licenses covering 864 small markets. Verizon spent over $505 million on 28 GHz licenses covering 863 markets, most of which are smaller cities and towns. US Cellular split its winning bids evenly, with $129 million for 28 GHz and $127 million for 24 GHz. Auction 101 was for the 28 GHz band and raised over $700 million in net bids with 33 bidders winning a total of 2,965 licenses. Auction 102, for the 24 GHz band, raised over $2 billion in net bids with 29 bidders winning a total of 2,904 licenses.
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