AT&T Easily Outspends Rivals In FCC's $45 Billion Wireless Spectrum Auction
AT&T spent nearly $49 billion last year
"This spectrum investment will be critical to AT&T staying ahead of customer demand and facilitate the next generation of mobile video entertainment," John Stankey, AT&T’s chief strategy officer, said in a statement.
The FCC's auction included Advanced Wireless Service licenses in the 1695-1710MHz, 1755-1780MHz, and 2155-2180MHz bands, for a total of 65MHz. After AT&T, Verizon was the next biggest spender among telecoms with winning bids coming to $10.4 billion, followed by T-Mobile at $1.8 billion. Sprint didn't take part in the auction because it lacks the complimentary AWS spectrum that the other carriers have.
Satellite TV provider Dish Network also emerged as a major player. Including partnerships, Dish's investments into wireless spectrum came to $13.3 billion.