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AT&T, Dish Spend Billions on Spectrum for 5G Services
AT&T Inc. and Dish Network Corp. topped the list of bidders for a swath of wireless spectrum previously reserved for military use, offering a new test for telecom companies seeking to share the air with other users.
The Federal Communications Commission on Friday said AT&T spent $9.1 billion and Dish spent $7.3 billion to secure rights to use the airwaves, which sit above 3.45 gigahertz on the radio spectrum. T-Mobile US Inc. spent $2.9 billion, while Verizon Communications Inc. spent nothing. Such midrange frequencies are considered ideal for carrying wireless companies’ faster fifth-generation signals across urban and suburban areas.
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