The Federal Communications Commission (FCC) said the three largest U.S. wireless companies won $78 billion in bids in the government’s auction of a band of C-Band spectrum critical to 5G networks.
Verizon Communications successfully bid $45.4 billion for 3,511 licenses, while AT&T won with $23.4 billion for 1,621 licenses and T-Mobile won with $9.3 billion for 142. In total, the FCC said there were $81.2 billion in winning bids.