Shocker! Verizon was the big spender in FCCs 5G mmWave auction

Verizon spent the most money of any participant in the FCC's biggest-ever millimeter wave (mmWave) spectrum auction. The operator spent roughly $1.6 billion for a total of 4,940 spectrum licenses across the country. AT&T was a close second, however, spending a total of around $1.2 billion on 3,267 spectrum licenses. T-Mobile – which was widely expected to walk away with the bulk of the licenses in the auction – came in a distant third, with $873 million in total spending across 2,384 spectrum licenses. (For those who are interested, companies often participate in FCC auctions under "bidding entities" and it's sometimes difficult to connect the bidding entity to the company that's actually doing the bidding. For example, Verizon is bidding under the "Straight Path Spectrum" entity; Verizon is listed as the "contact organization" for Straight Path Spectrum in its FCC filings.)