Verizon and Sprint chose not to bid. With this purchase, T-Mobile now has significantly more low-band spectrum per customer than any other major provider and almost triple the low-band spectrum per customer than Verizon.
She said that T-Mobile was opportunistic with its purchases as expected. The major USA carriers are racing to buy up critical spectrum that will be necessary for the realization of 5G's potential, which could include support for speeds up to 1Gbps and support for the ever-expanding Internet of Things. The company gave up some of its TV spectrum in New York City, Philadelphia, and Chicago, walking away with proceeds of $481.6 million. T-Mobile came on top with the acquisition of 45% of all low-band spectrum offered, with Comcast and Dish coming close too.
"The broadcasters showed up and, except for T-Mo, the carriers did not", said Preston Padden, a former Disney executive and a broadcast industry advocate. Dish spent a painful $6.2 billion on licenses, and Comcast spend $1.7 billion.
Your wireless coverage may soon get a lot better thanks to the FCC's latest spectrum auction.
The two carriers accounted for most of the $19.8 billion in winning bids, the FCC said.
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T-Mobile normally makes a big deal about lowering the price of its smartphone plans, or special pre-order deals on upcoming devices.
On the other side of the auction, colorful T-Mobile President John Legere was also celebrating - T-Mobile was the biggest forward auction bidder at just about $8 billion.
With all of this 600MHz spectrum, T-Mobile basically has the entire country covered.
One other thing to keep in mind is that T-Mobile paid a ton of cash for this new network expansion. T-Mobile plans to use this spectrum to both expand LTE coverage into new markets as well as strengthening their coverage in existing markets to provide more speed and greater density of coverage. The absence of Verizon during the spectrum is indicating that Verizon may be looking for buying cable operator Dish Network. U.S. Cellular, for instance, will have to pay the $329 million it agreed to spend for 188 licenses. The agency said that 30 stations will receive money for moving to a lower channel, and 133 others will relinquish their licenses, with many intending to remain on the air under channel sharing agreements with other stations.
In addition to providing better communication through walls and over long distances, more low-band spectrum in the 600 MHz range will enable wireless service providers to ease congestion and lay the groundwork for 5G connectivity, according to the FCC.