Mobile, Dish bid $14 billion in U.S. airwaves auction: FCC

Consumers could see more competition and better mobile service after the end of a big USA government auction transferring airwave rights from TV broadcasters to companies interested in wireless networks.

The two carriers accounted for more than two-thirds of $19.8 billion in winning bids, the FCC said. (NYSE: S) had already said it had enough spectrum and wouldn't participate. The auction results news comes just a week or so after Comcast announced wireless service based on a "Wi-Fi first" approach that will fall back on the Verizon network when Wi-Fi isn't available. "We think the rationale was to build a complete spectrum portfolio, with significant holdings in both mid and low frequency bands". There's also the fact that current smartphones don't use the spectrums that T-Mobile just bought, so this is definitely a long-term investment.

T-Mobile spent a whopping $7.99 billion in this auction to pick up all of this spectrum, and it's going to be a big deal for customers.

The spectrum that was being auctioned came from television station broadcast frequencies. The auction, which began previous year, was conducted over two major stages.

TV stations and affiliates voluntarily put up their spectrum capacity for sale, and nearly 1,000 broadcasters came up as winners in the FCC auction. The government later sold the spectrum in a so-called forward auction to wireless providers.

"Consumers are the real beneficiaries, as broadcasters invest new resources in programming and service, and additional wireless spectrum opens the way to greater competition and innovation in the mobile broadband marketplace", FCC Chairman Ajit Pai said.

The way the modern wireless internet industry works is using airwaves as a kind of series of highways where data travels from the carriers to the consumers. But it's a limited resource and controlled, for the most part, by the United States government.

The biggest victor was T-Mobile, which won $8 billion in spectrum, representing about 40% of the total amount bid. That meant disrupting the lineup of broadcast stations on the UHF band to make way for prized spectrum valued by mobile and wireless firms.

"It is encouraging to see that competitive carriers and potential new entrants secured the majority of the spectrum auctioned".

Comcast, which plans to unveil a new wireless service that uses Wi-Fi hotspots and Verizon's cellular network, bid $1.7 billion on airwaves.

Verizon's absence, and the strong showing from companies like Comcast that don't now operate cellular networks, is a sign of the changing telecommunications landscape. An FCC spokesman declined to comment on when the results will be announced.

Related news:

Hot News

Turkey: Russia agrees to Syria chemical probe
Apr 14, 2017 - 14:47
Mr Trump on Wednesday said he believed relations between Moscow and Washington were near rock-bottom. Syria "continues to possess and use chemical weapons".

isis-killer-beheading-video-story-top Destruction in fight to take west Mosul worse than east
Apr 14, 2017 - 14:47
He noted that there have already been some positive results for the people of Iraq as the fight against ISIS goes on. Fighting is continuing between Iraqi forces and ISIL militants in western Mosul.

isis-killer-beheading-video-story-top Could There Be A Second Kendrick Lamar Album Coming On Sunday?
Apr 14, 2017 - 14:45
Meanwhile, Kendrick's fans turned the cover - which features him making a glum-AF expression - into a meme. Still, the final line of lyrics in the song read, "Ya'll got til April 7th to get ya'll sh*t together".

isis-killer-beheading-video-story-top IEA says global oil market now close to balance
Apr 14, 2017 - 14:42
Then in December, non-OPEC producers led by Russian Federation agreed to cut their own output to 558,000 barrels per day. That is less than the organisation had anticipated previously and could prove an "optimistic" forecast, it said.

WWE Monday Night Raw 04/10/2017 Highlights (Roman Reigns, Braun Strowman)
Apr 13, 2017 - 02:08
Two new superstars to the women's division were introduced to Smackdown LIVE last night: Former RAW champ Charlotte and Tamina . Aside from the Smackdown after Mania, we also have a new addition to the events following the Showcase of the Immortals.

isis-killer-beheading-video-story-top New York Yankees vs. Tampa Bay Rays
Apr 13, 2017 - 01:49
It was a nice moment for a pitcher who has been a source of frustration to those same fans, and the Yankees as well. In six appearances over the spring, Montgomery gave up seven earned runs in 19 2/3 innings for a 3.20 ERA.

isis-killer-beheading-video-story-top Four hikers die in Canada after avalanche hits popular trail
Apr 13, 2017 - 01:49
No information about the identities of the missing snowshoers is being released until all the family members have been notified. The report said a hiker contacted authorities concerned because of the collapse of a cornice at the peak of Mount Harvey.

Shower and t-storm chances increase into the weekend
Apr 13, 2017 - 01:48
He said unsettled weather threatens to hang around for the next 10 days with frost remaining a risk until the end of April. A bit more cloud cover today with a few more showers possible later this afternoon and overnight.

isis-killer-beheading-video-story-top Saints Unveil NFL Preseason Schedule
Apr 13, 2017 - 01:43
The Cleveland Browns have announced their preseason schedule, and they get games for the 2017 season underway in mid-August. For now, Browns fans can begin planning some preseason trips to see the team make its return to the field in 2017.

isis-killer-beheading-video-story-top Anti-Government Protesters in Venezuela Come Under Fire of President Supporters
Apr 13, 2017 - 01:41
Another 19-year-old man, Jairo Ortiz, died on Thursday after being shot in the chest when police broke up a protest in Caracas . Last year, the opposition launched an abortive attempt to force Maduro out of office by seeking to hold a recall referendum.

isis-killer-beheading-video-story-top Mr. T Dedicates Emotional Dance To Mother on 'Dancing with the Stars'
Apr 12, 2017 - 03:28
That sentiment was shared by judge Bruno Tonioli , who said during his feedback after Jennings' routine that he was "mesmerized". This week's elimination reflects on the voting from last week. "I want to honor God with this dance", he said .

isis-killer-beheading-video-story-top Baahubali: The Conclusion - Director Rajamouli Promises More Drama, Emotion
Apr 12, 2017 - 03:26
A Tamil Jukebox version of all the songs from the entire film has also been released online and contains an total of five songs. Director Rajamouli's mega spectacle " Baahubali: The Conclusion " will be hitting the screens on April 28.

How major U.S. stock market indexes fared on Monday
Apr 12, 2017 - 03:26
The furniture and appliance rental company said Mark Speese, its founder and chairman, will return as CEO. They spent much of the afternoon drifting between small gains and losses.

isis-killer-beheading-video-story-top Yankees worth big league-high $3.7 billion
Apr 12, 2017 - 03:24
Overall, the average Major League Baseball franchise is now valued at $1.5 billion, up 19% from a year ago . Colorado's value was up 16 percent from 2016, when the team was valued at $860 million by the publication.

isis-killer-beheading-video-story-top AT&T just made a big bet on 5G connectivity
Apr 11, 2017 - 09:00
In addition, Kerrisdale valued the company at about $200 million, less than half of the company's value before the acquisition. Under the settlement, Straight Path will pay two civil penalties and surrender about 20% of its 5G licenses to the FCC.