AT&T leads FCC 5 G spectrum auction: regulator

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AT&T leads FCC 5 G spectrum auction: regulator

WASHINGTON, Jan 14, Reuters -- AT&T Inc led bidders in the Federal Communications Commission FCC 5 G spectrum auction of 3.45 GHz band spectrum, winning $9 billion in bids, the U.S. regulator said on Friday.

The auction generated $22.5 billion in total, according to the FCC. T-Mobile won $2.9 billion, while Weminuche LLC won $7.3 billion, which some analysts and FCC documents suggest that it is a bid on behalf of Dish. Dish, which did not immediately comment Friday, confirmed in November it had filed to participate in the auction.

Over one-third of the top 100 markets have at least four winning bidders, a broader ranger than a prior auction, according to the FCC. It said that the broader range and distribution of winning bidders will increase competition by providing a variety of wireless carriers with the midband spectrum resources needed to maintain American leadership in 5 G.

Jessica Rosenworcel, FCC Chair Jessica Rosenworcel said that the commercial use of this spectrum is important for America s continuing economic recovery and 5 G leadership.