San Antonio (CA) - Communications giant AT&T announced this week that it won key "B Block" spectrum in the government's auction for 700 MHz airwaves.
The Federal Communications Commission auction was important for AT&T, as it said that its acquisition has given it enough capacity to offer next generation mobile broadband features.
According to the company, the added spectrum brings it to 87% coverage of the entire country, including 100% coverage of the top 200 markets in the US.
Financial results of the auction were not disclosed, but the B Block was expected to be the most sought-after spectrum.
"Results of the auction bidding demonstrate the B Block was the most attractive, most valuable spectrum available, and it was the best investment for AT&T and our customers," said AT&T wireless CEO Ralph de la Vega.
AT&T said the results of the auction would allow it to be the first to open up 4G mobile functionality in the US.
The Federal Communications Commission auction was important for AT&T, as it said that its acquisition has given it enough capacity to offer next generation mobile broadband features.
According to the company, the added spectrum brings it to 87% coverage of the entire country, including 100% coverage of the top 200 markets in the US.
Financial results of the auction were not disclosed, but the B Block was expected to be the most sought-after spectrum.
"Results of the auction bidding demonstrate the B Block was the most attractive, most valuable spectrum available, and it was the best investment for AT&T and our customers," said AT&T wireless CEO Ralph de la Vega.
AT&T said the results of the auction would allow it to be the first to open up 4G mobile functionality in the US.