T-Mobile plans to acquire additional spectrum for 5G
The FCC (Federal Communications Commission) intends to run two millimeter wave spectrum auctions in November. Wireless carriers T-Mobile (TMUS), AT&T (T), and Sprint (S), which expect to start offering 5G (fifth-generation) services nationally over the next few years, have expressed interest in the upcoming FCC spectrum auctions.
The spectrum on offer is expected to help wireless carriers accelerate the development of their 5G networks. Mobile operators expect 5G services to expand their revenue opportunities. T-Mobile’s total revenue rose ~3.5% YoY (year-over-year) to $10.6 billion in the second quarter.
T-Mobile was the top bidder in the previous auction
T-Mobile won a significant chunk of 600 MHz (megahertz) low-band spectrum during the FCC’s broadcast incentive auction, which concluded last year. The company placed an $8 billion competitive bid. T-Mobile was joined by Dish Network (DISH), Comcast (CMCSA), and AT&T in bidding in the broadcast incentive auction. Dish, Comcast, and AT&T placed bids of $6.2 billion, $1.7 billion, and $910 million, respectively.
Dish Network is looking forward to joining cable operators Charter Communications and Comcast in diversifying into the wireless market.