Apr 14 2017
T-Mobile, Dish Network and Comcast were the leading winners in the incentive spectrum auction that generated $19.8 billion in gross bids for 70 MHz of licensed 600 MHz airwaves, FCC officials announced today.
The FCC said previous year that 62 bidders made upfront payments to take part, including AT&T Inc (T.N), Verizon Communications Inc (VZ.N), Dish Network Corp (DISH.O), T-Mobile US Inc (TMUS.O) - which is controlled by Deutsche Telekom (DTEGn.DE), Comcast Corp (CMCSA.O) and U.S. Cellular Corp (USM.N).
T-Mobile said it walked away with 31 MHz of spectrum - 45 percent of the total - that's spread across the United States and Puerto Rico, quadrupling its low-band holdings. T-Mobile boasted in a press release that it won 45 percent of the spectrum in the auction, amounting to "31MHz nationwide on average, quadrupling the Un-carrier's low-band holdings". To be precise, T-Mobile won 31MHz of spectrum, covering the entire USA and Puerto Rico.
The FCC disclosed the results of 600 MHz incentive auction, and perhaps the biggest surprised was the complete lack of participation by Verizon.
"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", T-Mobile said. There's continued speculation that if this arrangement doesn't work, Comcast could ultimately jump into the wireless business more fully - perhaps via the acquisition of a company like T-Mobile. T-Mo CTO Neville Ray has said that T-Mobile will begin deploying its new spectrum this year in both new and existing markets, but Ray didn't say which markets those will be.
Billionaire Charlie Ergen's Dish Network, which is already sitting on a vast trove of airwaves it hasn't yet put to use, bid the second most with $6.2 billion.
Overall, 175 broadcasters will receive a total of $10.05 billion from the auction, and their spectrum-relocation costs are slated to be covered by the auction proceeds, with the first stations scheduled to move on November 30, 2018. Broadcasters voluntarily participated to relinquish airwaves for mobile use in exchange for a portion of the winning bids.
"It is encouraging to see that competitive carriers and potential new entrants secured the majority of the spectrum auctioned".
Other notable telecommunication operators winning a significant number of licenses in the auction included AT&T, which picked up 23 licenses covering 18 PEAs for $910 million; and U.S. Cellular, which acquired 188 licenses covering 92 PEAs for $329 million. Stations that accepted $10.05 billion in payments can go off the air or move to other airwaves.
However, broader coverage will require lower spectrum bands. The impact this additional spectrum could have on the wireless industry, especially with the upcoming implementation of 5G wireless technologies, is immeasurable.
"It's now imperative that we move forward with equal zeal to ensure a successful post-auction transition, including a smooth and efficient repacking process", Pai said.
Apr 14 2017
Wells Fargo first-quarter profits hurt by lower mortgage banking revenue
But amid signs that the storm over fake accounts is easing, branch employees are starting to promote new accounts to people. The bank also plans to reduce headcount in businesses such as mortgage if, as expected, business gets slower.
Apr 14 2017
No-fly zone: Trump not allowed to use personal helicopter
White House officials have been very secretive about Trump's golf trips, not listing them on any of his public schedules. The cost of Trump's visits divides local residents, with the schism often falling along political lines.
Apr 13 2017
United States envoy Nikki Haley says Syria regime change is 'inevitable'
US presidents have a tradition of entering office and expressing hope for improved relations with Russian Federation . While Britain says Assad must go, Alfano was cautious on the issue, saying that decision should be up to the Syrians.
Apr 13 2017
India to partner in Bangladesh's economic development
Bangladesh Prime Minister Sheikh Hasina's four-day long visit in India concluded on April 10. India is fully committed to be a partner in Bangladesh's economic development.
Apr 13 2017
China March producer inflation cools, consumer inflation below forecast
United Kingdom living standards are under more pressure than at any time in 2 1/2 years and the squeeze is getting tighter.
Apr 12 2017
U.S. aircraft carrier-led strike group headed toward Korean Peninsula
The regime also has recently conducted several missile engine tests as it works to improve its ballistic missile technology. The strike group consists of the aircraft carrier USS Carl Vinson , the guided missile destroyers USS Wayne E.
Apr 11 2017
Samsung's chip business boosts quarterly results
The company on Friday announced estimated first-quarter operating profit of 9.9 trillion won, up 48.2 percent on year. The company did not elaborate on its performance and will disclose detailed earnings in late April.
Apr 11 2017
Israel condemns Egypt church attack
The Taba crossing is located near Eliat and allows Israelis to enter Sinai. "The world must unite and fight terrorism everywhere". Less than an hour after the border was closed, a rocket landed in a greenhouse in southern Israel.
Apr 10 2017
Verstappen passes 9 cars in one lap in masterful China race
Hamilton did, however, go across to the main grandstand near the end of P2 to sign some caps and throw them to the fans. But with similar conditions forecast for Saturday, the fear is that those sessions may similarly be afflicted.
Apr 10 2017
Not so silent night: Dallas emergency siren system hacked
We will work to identify and prosecute". "Making the necessary improvements is imperative for the safety of our citizens". The rush of inquiries caused a backlog, forcing some callers to wait up to six minutes to speak with emergency personnel.
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