Verizon Tops List of 5G Spectrum Bidders
25 February 2021 - 8:48AM
Dow Jones News
By Drew FitzGerald
Verizon Communications Inc. secured the biggest share of
wireless airwaves offered in a U.S. government auction that racked
up a record $81 billion in bids, according to details released
Wednesday.
Verizon pledged $45.5 billion for the mid-range spectrum rights,
which can extend the reach and bandwidth of its fifth-generation
wireless service. AT&T Inc. bid $23.4 billion, while T-Mobile
US Inc. bid $9.3 billion.
(more to come)
Write to Drew FitzGerald at andrew.fitzgerald@wsj.com
(END) Dow Jones Newswires
February 24, 2021 16:33 ET (21:33 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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