By Drew FitzGerald
Verizon Communications Inc. secured the biggest share of wireless airwaves offered in a U.S. government auction that racked up a record $81 billion in bids, according to details released Wednesday.
Verizon pledged $45.5 billion for the mid-range spectrum rights, which can extend the reach and bandwidth of its fifth-generation wireless service. AT&T Inc. bid $23.4 billion, while T-Mobile US Inc. bid $9.3 billion.
Write to Drew FitzGerald at andrew.fitzgerald@wsj.com
(END) Dow Jones Newswires
02-24-21 1633ET