U.S. markets open in 9 hours 11 minutes
  • S&P Futures

    3,729.00
    -3.00 (-0.08%)
     
  • Dow Futures

    29,730.00
    -20.00 (-0.07%)
     
  • Nasdaq Futures

    11,533.25
    -22.50 (-0.19%)
     
  • Russell 2000 Futures

    1,720.30
    -0.50 (-0.03%)
     
  • Crude Oil

    81.72
    -0.43 (-0.52%)
     
  • Gold

    1,661.90
    -8.10 (-0.49%)
     
  • Silver

    18.75
    -0.13 (-0.72%)
     
  • EUR/USD

    0.9687
    -0.0052 (-0.53%)
     
  • 10-Yr Bond

    3.7050
    -0.2590 (-6.53%)
     
  • Vix

    30.18
    -2.42 (-7.42%)
     
  • GBP/USD

    1.0793
    -0.0092 (-0.85%)
     
  • USD/JPY

    144.4230
    +0.3010 (+0.21%)
     
  • BTC-USD

    19,519.37
    +790.69 (+4.22%)
     
  • CMC Crypto 200

    446.01
    +17.23 (+4.02%)
     
  • FTSE 100

    7,005.39
    +20.80 (+0.30%)
     
  • Nikkei 225

    26,346.50
    +172.52 (+0.66%)
     

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

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)