Advertisement
UK markets open in 1 hour 33 minutes
  • NIKKEI 225

    37,669.56
    -790.52 (-2.06%)
     
  • HANG SENG

    17,265.35
    +64.08 (+0.37%)
     
  • CRUDE OIL

    82.94
    +0.13 (+0.16%)
     
  • GOLD FUTURES

    2,328.30
    -10.10 (-0.43%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • Bitcoin GBP

    51,397.02
    -2,197.42 (-4.10%)
     
  • CMC Crypto 200

    1,387.78
    -36.32 (-2.55%)
     
  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     
  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     

T-Mobile bids $304 million, wins bulk of 2.5 GHz licenses in U.S. auction

FILE PHOTO: A T-Mobile logo is seen on the storefront door of a store in Manhattan

WASHINGTON (Reuters) - T-Mobile won the bulk of licenses awarded in the Federal Communications Commission (FCC) 2.5 GHz band auction, successfully bidding $304.3 million, the agency said Thursday.

Most of the auctioned spectrum is located in rural areas and will support wireless services in rural communities, the FCC said. In total, the auction raised gross proceeds of $427 million. T-Mobile won 7,156 of the 8,017 county-based licenses offered for auction.

(Reporting by David Shepardson)