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T-Mobile bids $304 million, wins bulk of 2.5 GHz licenses in U.S. auction

Reuters
Updated
FILE PHOTO: A T-Mobile logo is seen on the storefront door of a store in Manhattan

WASHINGTON (Reuters) - T-Mobile won the bulk of licenses awarded in the Federal Communications Commission (FCC) 2.5 GHz band auction, successfully bidding $304.3 million, the agency said Thursday.

Most of the auctioned spectrum is located in rural areas and will support wireless services in rural communities, the FCC said. In total, the auction raised gross proceeds of $427 million. T-Mobile won 7,156 of the 8,017 county-based licenses offered for auction.

(Reporting by David Shepardson)