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The new airwaves make AT&T more competitive with Verizon and T-Mobile in 5G.

The C-band auction for 5G spectrum ended 2020 with an eye-watering total of $69.8 billion in gross proceeds. Bidding resumes January 4. The auction's current total is almost triple some initial estimates of where it would end. The event has already far exceeded the FCC's previous auction record, the $45 billion raised in 2015 by the AWS-3 spectrum auction. How much higher will the C-band auction go during bidding in 2021? No one knows. But some are already worrying that US operators like Verizon, AT&T and T-Mobile might be making a colossal mistake by potentially paying so much for 5G spectr...

The C-band spectrum auction for 5G on Friday passed the $25 billion threshold after roughly nine days and 30 rounds of bidding. It shows no signs of slowing down. According to analysts surveyed by Bloomberg, the event could end with $47 billion in total bids, based on the trajectory of bidding. That would push the event past the $45 billion raised in 2015 by the AWS-3 spectrum auction, and make C-band America's biggest-ever spectrum auction. Indeed, the AWS-3 auction, dubbed Auction 97 by the FCC, stretched across 45 and 341 rounds of bidding. According to figures provided by BitPath's Sasha...