AT&T wins $2.4bn bid for 5G spectrum license at the FCC Auction 103

By Akshay Kedari  | Date: 2020-04-01

AT&T wins $2.4bn bid for 5G spectrum license at the FCC Auction 103
  • Stakeholders and consumers may access 5G on unlimited wireless plans of AT&T.
     
  • There was a 102 percent surge in spectrum strength as they propelled 39 GHz spectrum to 786 MHz.

AT&T has won the bid for 5G spectrum licenses amounting $2.4 billion, covering over 99% of the U.S. population at the FCC Auction 103. The winning bid is poised to boost continued improvements and developments to the wireless network.

AT&T was quoted saying that the existing spectrum enabled the telecom operator to boost coverage in 2019 and outdo its competitors to serve consumers, businesses and first responders in the U.S.

Stakeholders, including business and consumers may access 5G on unlimited wireless plans of AT&T, providing extra capacity and speed over high-band spectrum to serve places such as campuses, arenas and other high traffic areas in parts of 35 cities for customers.

President at AT&T Technology & Operations Scott Mair noted that winning the contiguous block of spectrum in Auction 103 will be instrumental in maintaining the 5G hegemony across the landscape.

According to reports, there was a 102 percent surge in spectrum strength as they propelled 39 GHz spectrum to 786 MHz. It is worth noting that Auction 103 didn’t happen before AT&T had bought FiberTower in a $207 million deal in 2018 which saw the company acquire 379 MHz of 39 GHz spectrum.

It was also reported that all 39 GHz licenses with AT&T before the auction were swapped for vouchers. The company allegedly spent around $2.4 bn in the auction, translating into $1.2 bn net of the vouchers. The value of FCC issued vouchers are believed to have been determined through the auction price for the PEAs wherein the pre-auction licenses were held.

Apparently, average spectrum depth held by AT&T in mmWave surged to over 1,040 MHz, following the addition to the mmWave spectrum.

Source credit:

https://www.telecomlead.com/5g/att-bolsters-5g-spectrum-for-2-4-bn-during-fcc-auction-103-94600

About Author

Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More >>

More News By Akshay Kedari

Interfor Corporation acquires 100% equity interest in Chaleur Forest Products

Interfor Corporation acquires 100% equity interest in Chaleur Forest Products

By Akshay Kedari

Following this funding, Interfor's long-term debt will hold a weighted average interest of 5.30% Interfor registered a Net Debt to the Invested Capital ratio of nearly 10% as of October 31, 2022 Interfor Corporation, one of the world...

ESR's ARA and Export-Import Bank of China partner in a deal worth US$1B

ESR's ARA and Export-Import Bank of China partner in a deal worth US$1B

By Akshay Kedari

Leading real estate services and investment company, ESR Group Limited, has recently announced that its exclusively-owned subsidiary, ARA and the Export-Import Bank of China have inked a breakthrough collaboration in a deal worth USD 1 billion infras...

Circularise nabs $11M to bring circular economy to industrial supply chains

Circularise nabs $11M to bring circular economy to industrial supply chains

By Akshay Kedari

Leading software platform, Circularise recently announced that it has raised $11.3 million (€11 million) in funding as part of its Series A round in a bid to advance its mission to bring a circular economy to industrial supply chains. The fun...

Sebi approves Adani Group’s proposal for additional 26% stake in NDTV

Sebi approves Adani Group’s proposal for additional 26% stake in NDTV

By Akshay Kedari

Adani Group, an Indian conglomerate, recently opened an offer to acquire an additional 26% share in New Delhi Television (NDTV), which was positively accepted by the Indian market regulator Sebi. The deal, worth USD 60.78 million, is expected to b...

ADB and Indonesia team up on coal power plant retirement contract

ADB and Indonesia team up on coal power plant retirement contract

By Akshay Kedari

The Asian Development Bank and Indonesia, along with a private power company announced partnering to refinance and retire a coal-fired power plant under a groundbreaking carbon emissions reduction program. According to reliable sources, West Java&...