The $90bn prize fight - Why American telecoms firms are splurging on 5G spectrum | Business
The $90bn prize fight An auction of mobile frequencies is turning a blockbuster I T MAY BE the most hyped technology since blockchain. But even sophisticated telecoms giants are now placing huge bets on 5 G. In early December American regulators started the process of auctioning off radio-frequency bands needed to roll out superfast fifth-generation mobile networks. Industry experts had expected bids to come in at $25bn-30bn between them, less than the $45bn fetched in the last big 4 G spectrum sale in 2015—but a tidy sum nonetheless. Listen to this story Enjoy more audio and podcasts oniOS...