Net proceeds in key U.S. spectrum auction tops $80 billion [Reuters]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: Reuters
Net proceeds in key U.S. spectrum auction tops $80 billion By Reuters Staff 1 Min Read WASHINGTON (Reuters) - The Federal Communications Commission said that the first phase in the largest auction of mid-band 5G spectrum to date had raised a record $80.9 billion in gross proceeds. The spectrum is key to next-generation 5G wireless networks and the bidding exceeds the prior highest spectrum auction that netted $44.9 billion. Winning bidders must also pay the costs of clearing the spectrum held by existing satellite users and $9.7 billion in incentive payments. Verizon Communications and AT&T are expected to be among the major winners of spectrum in the auction.
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VZ
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- 4/22/24 - Beat
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Sec Filings
- 4/22/24 - Form 8-K
- 4/16/24 - Form PX14A6G
- 4/15/24 - Form 4
- VZ's page on the SEC website