Verizon bet big on the C-band spectrum, as it should.
What you need to know
The FCC announced the winners of the C-band spectrum auction with over $81 billion in bids.
Verizon bid the most with $45.4 billion for 3,511 licenses, followed by AT&T who bid $23.4 billion for 1,621 licenses.
T-Mobile bid relatively low, with just $9.3 billion for 142 licenses.
The recent spectrum auction is over, and the FCC just finally announced the winners. This auction was important for carriers in the U.S. who hope to bolster their 5G networks, offering a highly-coveted block of C-band spectrum. This is also known as mid-band spectrum, and it is used to deploy 5G in most parts of the world where the network is available. The U.S., on the other hand, has been largely focused on low and ultra-high band spectrum. Both have their merits but aren`t without their drawbacks, which we lay out in our 5G explainer. Mid-band is the sweet spot, and the recent spectrum auction results prove that.
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