Latest AT&T customer news: AT&T spending $23 billion on wireless spectrum in auction, though not near as much as Verizon

From Dallas Business Journal:

AT&T is spending more than at least some expected on wireless network spectrum, yet a key rival is spending nearly twice as much.

The Dallas-based telecommunications company will shell out $23.4 billion for the portion of a wireless “C-Band” auction, according to a statement for the Federal Communications Commission. That’s more than $20 billion expected by at least a couple of analysts.

Still, that’s less than the $45.5 billion that competitor Verizon is anteing up to bolster network capabilities. T-Mobile, already a strong player in this arena, had bids that totaled less than $10 billion, analysts said.

“Verizon and AT&T spent above our above-Street estimates, pressuring their balance sheets,” analysts at Credit Suisse wrote in a note. “In our view this is a minor incremental negative for both, as we see little near-term revenue potential for this spectrum.”

Continue reading AT&T spending $23 billion on wireless spectrum in auction, though not near as much as Verizon on Dallas Business Journal

Do you have a complaint about AT&T, such as hidden fees on your bill or unsatisfactory service? Take your claim to FairShake, the consumer advocacy service.


Read More:

FairShake is aggregating links to consumer news stories across the web. We claim no rights to the snippets featured.

Latest news

Hold PayPal responsible: You can now buy bitcoin and other cryptocurrencies on Venmo—here’s what you need to know

From CNBC: Venmo on Tuesday announced that it will allow users to buy and sell cryptocurrencies on its platform. That...

Top Sprint story from FierceWireless: Judge asks Legere why Sprint can’t do a turnaround like T-Mobile

From FierceWireless: One of the biggest arguments that Sprint and T-Mobile have made in favor of their $26 billion merger...

Uber, Disabled Riders Spar Over Wheelchair Access Claims, according to Law360

From Law360: Law360 (April 20, 2021, 6:25 PM EDT) -- Uber and consumers sparred Monday over whether the ride-hailing giant...

AT&T unit’s mixed messages gave union more time to sue over arbitration, according to Reuters

From Reuters: A U.S. appeals court on Tuesday revived the Communications Workers of America’s bid to compel arbitration with a...

Latest Verizon customer news: More Cities Gain Access to Verizon’s Fastest Data Speeds

From Droid Life: Verizon announced today that it is expanding its 5G reach, spreading further across this country into metropolitan...

Hold Citibank responsible: Citi’s new boss could grow or shrink to greatness

From Reuters: NEW YORK (Reuters Breakingviews) - Jane Fraser, the new boss of Citigroup, says she wants her bank to...

You might also likeRELATED
Recommended to you