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Verizon, AT&T and T-Mobile dominate $81 billion 5G spectrum auction – CNET

Verizon bids more than $45 billion for licenses of the valuable mid-band spectrum in the C band auction to build its 5G network.

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The nation’s largest wireless carriers dominated the Federal Communications Commission’s latest 5G spectrum auction, pushing revenue to a record-shattering price tag of more than $81 billion. The FCC released the names and winning bids of the top five bidders for the auction on Wednesday.
Verizon, which bid under the name Cellco Partnership, spent the most on the auction bidding a whopping $45 billion for 3,511 spectrum licenses. AT&T came in second bidding $23 billion for 1,621 licenses….

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