AT&T were the top bidders in the
FCC‘s C-band auction, which grossed more than $81 billion. The FCC on Wednesday announced the top winning bidders, 21 bidders won all of the available 5,684 licenses.
Verizon, bidding as
Cellco Partnership, had total gross winning bids of $45.5 billion, and AT&T Spectrum Frontiers LLC had $23.4 billion. These were followed by T-Mobile with $9.3 billion,
NewLevel II, L.P., also with $1.3 billion.
Verizon also won the largest number of licenses, at 3,511 licenses. Followed by AT&T with 1,621; United States Cellular with 254; T-Mobile with 142; and
Canopy Spectrum with 84.
Wells Fargo analyst, and Edward Moise Jr., a longtime spectrum investor.
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.
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TDS and UScellular present at three upcoming investor conferences
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CHICAGO, Feb. 23, 2021 /PRNewswire/ Telephone and Data Systems, Inc. [NYSE: TDS] and United States Cellular Corporation [NYSE: USM] are jointly presenting at three upcoming investor conferences detailed below.
Raymond James 42
March 2, 2021 at 3:00 p.m. EST (2:00 p.m. CST)
Laurent Therivel, President and CEO – UScellular; Douglas W. Chambers, Senior Vice President, CFO and Treasurer – UScellular; Vicki L. Villacrez, Senior Vice President – Finance and CFO – TDS Telecom; and Jane W. McCahon, Senior Vice President, Corporate Relations – TDS will attend.
Morgan Stanley Technology, Media & Telecom Conference