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The FCC just sold a chunk of the wireless spectrum to T-Mobile

The FCC just sold a chunk of the wireless spectrum to T-Mobile
From Engadget - April 13, 2017

T-Mobile threw down $8 billion to capture 45 percent of all low-band spectrum sold, meaning it now has the ability to provide service across the entire US and Puerto Rico. This does not mean the carrier's service will improve over night, but it does give T-Mobile the opportunity to blanket the entire nation in LTE coverage. Note the auction did not deal with the up-and-coming 5G spectrum, which is currently being gobbled up by AT&T.

The FCC raked in $19.8 billion in gross revenue for 70MHz of spectrum, so you could call the commission itself a winner, too.

But of course, the FCC does not get to keep all of that cash. Roughly $7 billion raised in the auction will help pay down the national debt, and more than $10 billion will go to the 175 winning broadcasters participating in the FCC's program to repurpose their airwaves for mobile carriers. For example, NBCUniversal earned $481.6 million by selling spectrum in Philadelphia, New York and Chicago. Meanwhile, NBC's parent company, Comcast, ended up spending $1.7 billion to acquire mobile spectrum in the auction.

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