These Telecom Giants Just Spent $81 Billion on Wireless Spectrum

Telecom companies spent billions more than expected during the Federal Communications Commission's Auction 107, which ended Jan. 15. The mid-band radio spectrum the carriers were bidding for will be crucial in their efforts to build out their 5G networks over the next few years.

Spectrum auction spending totaled nearly $81 billion from among the 57 bidding entities, but there were six main buyers:

Here's how much they're expected to have spent, and what it means for investors.

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Source Fool.com