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The results of the FCC's auction of midband spectrum between 3.45GHz and 3.55GHz are in: AT&T spent $9 billion, Dish spent $7.3 billion, T-Mobile spent $2.9 billion. And Verizon spent nothing.
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 t...