A Record-Breaking 5G Spectrum Auction Is Nearly Done. What It Means for AT&T, Verizon, and T-Mobile. [telecom]

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By Nicholas Jasinski

U.S. telecom companies are about to spend the better part of $100 billion on wireless spectrum licenses in coveted frequencies most useful for their next-generation 5G networks. The Federal Communications Commission-run auction is close to its conclusion, after 75 rounds and more than $80 billion of bids already in.