AT&T leads bidder in $22.5 billion U.S. spectrum auction By Reuters

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© Reuters. FILE PHOTO: The AT&T company logo is displayed on a floor screen at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid/File Photo

By David Shepardson

WASHINGTON (Reuters) – AT&T Inc led bidders in the Federal Communications Commission’s (FCC) 5G spectrum auction of the 3.45 GHz band spectrum, winning $9 billion in bids, the American regulator.

The auction raised $22.5 billion in total proceeds, the FCC said. T-Mobile took home $2.9 billion while Weminuche LLC took home $7.3 billion, which some analysts and FCC documents suggest was bidding on Dish’s behalf. Dish, who did not immediately comment on Friday, confirmed in November that he had applied to participate in the auction.

AT&T (NYSE:) declined to comment.

US Cellular won $580 million in bids.

The FCC said more than a third of the top 100 markets had at least four winning bidders, a wider range than a previous auction. The broader range and distribution of winning bidders “will increase competition by providing a diversity of wireless operators with the median spectrum resources needed to maintain U.S. leadership in 5G,” he said.

“Enabling the commercial use of this spectrum is important to the continued economic recovery of the United States and the leadership of 5G,” said FCC Chairman Jessica Rosenworcel.

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