Verizon And AT&T Spend Big At FCC 700MHz Auction
AT&T came in second with $6.64 in bids. They were mainly going after smaller regional licenses, and apparently were quite successful.
Overall, the US government netted $19.5 billion. Verizon and AT&T together spent $16.27 billion of that, so I guess that shows you by how much they outspent their competitors. I guess we’ll find out if their investment pays off in the future.