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AT&T, Verizon, Dish rule FCC spectrum auction

Trio of participants account for 93% of total proceeds

As expected, AT&T and Verizon Wireless were the big spenders in the Federal Communications Commission’s record-setting Auction 97 proceedings. Both operators combined to account for two-thirds of the FCC spectrum auction’s total potential winning bids. That total came to $44.9 billion in gross proceeds, but when factoring in bidding credits tied to some designated entities, the auction’s net haul was at $41.3 billion.

AT&T came out the biggest spender, hitting nearly $18.2 billion in total potential winning bids. Verizon Wireless, which was bidding under its Cellco Partnership entity, came in with $10.4 billion in total winning bids.

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