AT&T plans to acquire additional spectrum for 5G
The FCC[1. Federal Communications Commission] has lined up two spectrum auctions starting in November. AT&T (T) informed the FCC that it’s actively seeking to enhance its 5G (fifth-generation) capabilities by purchasing additional spectrum for its 5G deployment through “secondary market transactions and future auctions.”
The spectrum on offer is expected to help wireless carriers accelerate the development of 5G networks. Wireless carriers such as AT&T are expecting 5G services to expand their revenue opportunities. AT&T’s total revenues missed analysts’ expectations by ~0.8% in the second quarter. The telecom company’s total revenues fell ~2.1% YoY (year-over-year) to reach $39.0 billion in the second quarter.
T-Mobile showing an appetite for spectrum
T-Mobile was the top bidder in the previous spectrum auction completed last year, as Sprint and Verizon (VZ) didn’t participate in the auction. T-Mobile was joined by Comcast (CMCSA), Dish Network (DISH), and AT&T in bidding in the previous spectrum auction. AT&T, Dish, and Comcast placed bids of $910.0 million, $6.2 billion, and $1.7 billion, respectively.
Dish is building a wireless network
Dish Network, one of the companies that accumulated huge spectrum holdings in the previous auction, is working to build a wireless network. The company is looking forward to joining cable operators Comcast and Charter Communications (CHTR) in diversifying into the wireless market.