Verizon, AT&T and T-Mobile walked away with the vast majority of the C-band licenses up for grabs in the FCC s blockbuster midband spectrum auction.
As expected, Verizon spent the most: a whopping $45.5 billion for around 3,500 total licenses. According to the financial analysts at Evercore, Verizon acquired an average of 160MHz of spectrum across the entire US. The operator announced a $25 billion loan from JPMorgan Chase Bank to help pay for the licenses.
AT&T came in second by spending $23.4 billion for 1,621 licenses. According to Evercore, AT&T netted 80MHz in 95% of the country, with the remainder split between 60MHz and 100MHz. T-Mobile, meanwhile, spent $9.3 billion for 142 licenses, which cover around 68% of the US population.
Broadband providers can now heave a sigh of relief that the FCC has heeded to their plea to halt data security rules adopted by the agency last year. These ruled were supposed to have taken effect March 2.
The FCC last Wednesday granted a stay petition in part to the 2016 Privacy Order adopted by. Read More.