Midband spectrum is vital for 5G installations because it provides regional coverage as well as the ability to transport enormous volumes of data. This combination is particularly enticing to telecom behemoths looking to expand their spectrum holdings.
According to some estimates, the desirable frequency might be valued as much as $60 billion. However, the ultimate total exceeded all expectations, raising more over $81 billion for the US Treasury.
The top telecom companies in the United States dominated the FCC's most recent 5G spectrum auction.
- Verizon spent the most money on the auction, spending $45 billion for 3,511 spectrum licenses under the name Cellco Partnership.
- With a bid of $23 billion for 1,621 licenses, AT&T came in second.
- T-Mobile came in third with a $9 billion offer for 142 licenses.
"This auction reflects a shift in our nation's approach to 5G toward midband spectrum that can support fast, reliable, and ubiquitous service that is competitive with our global peers." the White House said. In a statement, FCC Acting Chairwoman Jessica Rosenworcel stated.
5G refers to the next generation of wireless technology, which is projected to boost network speeds and improve network responsiveness. The technology might pave the way for applications such as self-driving cars, as well as new AR and VR experiences on smartphones.
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Author: Don Kennedy
Austin Newsdesk
