UK Markets open in 2 hrs 35 mins

U.S. FCC announces winning bidders in 3.45 GHz auction

  • Oops!
    Something went wrong.
    Please try again later.
FILE PHOTO: The company logo for AT&T is displayed on a screen on the floor at the NYSE in New York
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

(Reuters) - The U.S. Federal Communications Commission on Friday announced winning bidders from its 5G spectrum auction of flexible-use licenses in the 3.45 GHz band, with the winners including AT&T Auction Holdings and T-Mobile License.

The top five bidders included AT&T Auction Holdings, Weminuche, T-Mobile License, Three Forty-Five Spectrum and United States Cellular Corp. Gross proceeds for the auction exceeded $22.5 billion, the FCC said.

(Reporting by Kanishka Singh in Bengaluru)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting