Verizon, T-Mobile Big Winners in FCC Spectrum Auction
By Elias Schisgall
Verizon Communications won 82 spectrum licenses for $3.16 billion in the Federal Communications Commission's first spectrum auction after a four-year hiatus.
T-Mobile won the largest number of licenses, 102, for a total payment of $277.8 million. AT&T won 10 licenses for $120.8 million, and SpaceX won two for $8.49 million.
Other smaller winners the auction included EchoStar and Blue Ridge Communications.
The auction brought in upwards of $3.5 billion in total, the FCC said. Up to $3.3 billion of those proceeds will be used to cover debts used to fund FCC and Commerce Department programs, the agency said.
"After years on the sidelines, FCC auctions are finally back. Today's successful auction generated billions of dollars in competitive bids to put spectrum to effective commercial use, and it bolsters competition in the wireless marketplace," FCC Chairman Brendan Carr said. "We will carry this momentum forward as we prepare for the Upper C-Band auction in the year ahead."
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
June 26, 2026 16:36 ET (20:36 GMT)
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