FCC says Verizon, AT&T, T-Mobile won $78 billion in C-Band spectrum auction

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FILE PHOTO: The Federal Communications Commission (FCC) logo is seen before the FCC Net Neutrality hearing in Washington February 26, 2015. REUTERS/Yuri Gripas

WASHINGTON (Reuters) – The Federal Communications Commission 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 next-generation 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.

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