Top Verizon story from Total Telecom: Verizon almost doubles AT&T’s total spend in $80bn spectrum auction

From Total Telecom:

Last month, the US completed the first stage of its C-band (3.7–4.2GHz) spectrum auction, raising an enormous $80.9 billion. The scale of this spend was unprecedented, significantly exceeding the $30–45 billion estimates for the auction given by various analysts. Now, the breakdown of the results have been announced, with Verizon emerging as the big winner…

Last month, the US completed the first stage of its C-band (3.7–4.2GHz) spectrum auction, raising an enormous $80.9 billion. The scale of this spend was unprecedented, significantly exceeding the $30–45 billion estimates for the auction given by various analysts.

Now, the breakdown of the results have been announced, with Verizon emerging as the big winner, accounting for over half the spend: $45.5 billion. This figure almost doubled that of the second place player, AT&T, who spent $23.4 billion.

This fierce competition on the part of both Verizon and AT&T’s is not too surprising, since both operators’ 5G networks currently rely heavily on lower-band frequencies, meaning the speeds they can deliver are only slightly superior to 4G. Of course, both operators also have spectrum in the mmWave frequencies, which offer incredible speeds, but range and penetration of this band is problematic – this is why the middle ground of the C-band is so attractive, providing the best of both worlds for 5G when it comes to speed and coverage.

Continue reading Verizon almost doubles AT&T’s total spend in $80bn spectrum auction on Total Telecom

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