AT&T leads bidders in $22.5 billion U.S. spectrum auction

AT&T’s corporate logo is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, US, September 18, 2019. REUTERS/Brendan McDermid/File Photo

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The US Communications Regulatory Authority said Friday that AT&T led the bidders in the FCC’s 3.45-GHz spectrum auction, winning $9 billion in bids.

The FCC said the auction generated total revenues of $22.5 billion. T-Mobile (TMUS.O) won $2.9 billion while Weminuche LLC won $7.3 billion, which some analysts and FCC documents suggest making a bid on behalf of Dish (DISH.O). Desch, who did not immediately comment on Friday, confirmed in November that he had submitted to the auction.

AT&T declined to comment.

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US Cellular (USM.N) won bids worth $580 million.

The Federal Communications Commission (FCC) said more than a third of the 100 largest markets had at least four winning bidders, a broader scope than the previous auction. It said the scale and broader distribution of the winning bidders “will increase competition by providing a variety of wireless carriers with the mid-range spectrum resources needed to maintain America’s leadership in 5G.”

“Enabling commercial use of this spectrum is critical to America’s continued economic recovery and 5G leadership,” said Jessica Rosenworsel, chair of the Federal Communications Commission.

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Additional reporting by David Shepardson in Washington and Kanishka Singh in Bengaluru; Editing by Leslie Adler

Our Standards: Thomson Reuters Trust Principles.


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