Verizon Tops List of 5G Spectrum Bidders
By Drew FitzGerald
Verizon Communications Inc. secured the biggest share of
wireless airwaves offered in a U.S. government auction that racked
up a record $81 billion in bids, according to details released
Verizon pledged $45.5 billion for the mid-range spectrum rights,
which can extend the reach and bandwidth of its fifth-generation
wireless service. AT&T Inc. bid $23.4 billion, while T-Mobile
US Inc. bid $9.3 billion.
(more to come)
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(END) Dow Jones Newswires
February 24, 2021 16:33 ET (21:33 GMT)
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