For 5G, AT&T and T-Mobile buy $1.8 billion worth of 24GHz spectrum across US [telecom]

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Verizon, US Cellular, and Starry also bought plenty in FCC's 5G auctions.

By Jon Brodkin

AT&T and T-Mobile committed to spend nearly $1.8 billion, combined, on
high-frequency spectrum for their 5G networks in a Federal Communi-
cations Commission auction that sold airwave licenses covering the
whole US. Verizon committed to spend $506 million in a separate 5G
auction.

AT&T's winning bids in the 24GHz auction totaled $982.5 million for
831 licenses in 383 Partial Economic Areas (PEAs). That should cover
most of the US, as the FCC divides the country into 416 PEAs for
purposes of the auction. This spectrum will be used for AT&T's real 5G
network, not the 4G network that AT&T misleadingly calls "5G E."

https://arstechnica.com/information-technology/2019/06/for-5g-att-and-t-mobile-buy-1-8-billion-worth-of-24ghz-spectrum-across-us/

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