image credit: Mike Mozart / Flickr

Verizon outspent every other carrier combined in latest FCC 5G spectrum auction

February 25, 2021

Via: TechSpot

Cellco Partnership, otherwise known as Verizon Wireless, spent a total of $45.5 billion in exchange for 3,511 licenses. AT&T placed second with a total expenditure of $23.4 billion, which garnered 1,621 licenses, while T-Mobile shelled out $9.3 billion to snag 142 licenses. US Cellular also spent $1.3 billion to grab 254 licenses.

A total of 21 bidders won all of the available 5,684 licenses, spending a collective $81,168,677,645 to do so.

Read More on TechSpot