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AT&T leads bidders in $22.5 billion U.S. spectrum public sale

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Economy1 hour prior to now (Jan 14, 2022 09: 35PM ET)

© Reuters. FILE PHOTO: The firm ticket for AT&T is displayed on a show masks masks on the flooring at the Contemporary York Inventory Alternate (NYSE) in Contemporary 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 Charge (FCC) 5G spectrum public sale of 3.45 GHz band spectrum, successful $9 billion in bids, the U.S. regulator acknowledged on Friday.

The final public sale generated proceeds of $22.5 billion in whole, the FCC acknowledged. T-Cell received $2.9 billion whereas Weminuche LLC received $7.3 billion, which some analysts and FCC paperwork recommend suppose on behalf of Dish. Dish, which failed to immediately commentary Friday, confirmed in November it had filed to participate in the public sale.

AT&T (NYSE:) declined to commentary.

U.S. Cell received $580 million in bids.

The FCC acknowledged over one-third of the head 100 markets possess in spite of the whole lot four successful bidders, a broader ranger than a prior public sale. The broader vary and distribution of successful bidders “will lengthen competition by offering a diversity of wi-fi carriers with the midband spectrum assets wished to inspire American management in 5G,” it acknowledged.

“Enabling industrial employ of this spectrum is serious to The US’s persevering with financial recovery and 5G management,” FCC Chair Jessica Rosenworcel acknowledged.

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