T-Mobile Spends $8 Billion as Big Winner of FCC Auction

T-Mobile, Dish Network and cable giant Comcast emerged as the big winners in the government's wireless spectrum auction. From a report: The Federal Communications Commission announced the winners of its $19.8 billion spectrum auction Thursday. T-Mobile spent $8 billion in the auction and won the biggest number of licenses, according to the FCC. Dish Network was in second, committing $6.2 billion, and Comcast spent a total of $1.7 billion. Verizon, which had committed ahead of time to participating in the auction, did not bid, the FCC said. The broadcast incentive spectrum auction has been one of the agency's most complex and ambitious auctions to date. The auction, which began last year, was conducted over two major stages. A so-called backwards auction took place last year in which TV broadcasters agreed to give up wireless spectrum that the government later sold in a so-called forward auction to wireless providers. Read more of this story at Slashdot.
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