The three big wireless carriers completely dominated the FCC's $81 billion C-band spectrum auction last month. That came as quite a surprise to most industry watchers, who expected DISH Network (NASDAQ: DISH) and cable giants Comcast (NASDAQ: CMCSA) and Charter Communications (NASDAQ: CHTR) to make some moves.
The three companies combined acquired a single spectrum license: DISH bought a license in Cheyenne, Wyoming, where it's conducting 5G trials. DISH paid just $2.5 million for the license. Analysts had expected the three companies to spend up to $20 billion in the auction before the FCC released the final results.
Image source: Getty Images.
For further details see:
3 Companies That Were Noticeably Quiet at the FCC's 5G Spectrum Auction