Uncle Sam rakes in 44 Billion for bandwidth [telecom]

Dec 28, 2014 0 Replies

By Chris Neiger



Just in time for the holidays, Uncle Sam's wallet is just a tad bit heavier coming off the recent Federal Communications Commission AWS-3 wireless spectrum auction. After more than a month of bidding T-Mobile, AT&T, Verizon Communications, and others have paid a total of $44.5 billion for all-important network airwaves. That's much higher than the expected $10.6 billion to $22 billion initially expected.



The AWS-3 bidding is one the largest and most important spectrum sales since the 700 MHz block went up for auction back in 2008 (who could forget!?!).



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