US majors splash cash for 5G frequencies - Mobile World Live

US majors splash cash for 5G frequencies

04 JUN 2019

The Federal Communications Commission (FCC) revealed the winning bidders in the country’s auctions of high-band, 5G-suitable frequencies, with major operators AT&T, T-Mobile US and Verizon emerging as the biggest spenders.

Its latest auction, which the FCC last week said raised $2 billion, covered the sale of licences in the 24GHz band.

The sum raised in this auction adds to around $700 million raised by the FCC in a sale of 28GHz licences in January, with the winners from that sale now also revealed.

AT&T spent the biggest in 24GHz, bidding a total of $983 million for 831 licences, followed by T-Mobile’s $803 million for 1,346 licences.

Verizon topped the table in the 28GHz race, bidding $505 million for 1,066 licences, while US Cellular secured $129 million worth of spectrum in 28GHz and $127 million in 24GHz.

In all, 55 parties were qualified to bid for a total of 5,869 licences on offer, which included participation from regional players and cable companies.

VentureBeat noted Verizon and AT&T used the latest sale to expand their mmWave spectrum holdings, enabling them to extend early 5G tests and services.

Meanwhile, T-Mobile would now be able to add mmWave coverage through 24GHz licences secured, adding to its investment in low- and mid-band 5G spectrum.

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Kavit Majithia

Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >>

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