Economy - Finance > Technology

5G airwave bids soar past $76 billion to set auction record

1 month ago   |   By Fortune

Bidding in a 5G airwaves auction in the U.S. surged past $76.5 billion, fueled by a frenzied demand for capacity that could send carriers like Verizon and AT&T to the debt market to finance the tab.
The auction run by the Federal Communications Commission started last month with a field of 57 potential bidders, including the third major wireless carrier, T-Mobile , and pay-TV providers such as Dish Network, Comcast and Charter. Within days, the tally exceeded analysts' estimates of $47 billion .
“It blows all auctions away,” said Sasha Javid, chief operating officer of wireless data...
Read more ...

 


Search by Tags

   Technology      Sale      Financing      Marketing      Data      Company      Technologies      Market      Companies      Leadership      Finance      5G wireless technology  


Gabe Plotkin's Melvin Capital gained 22% in February - but the GameStop saga...

Gabe Plotkin's Melvin Capital gained 22% in February - but the GameStop saga leaves it in a deep hole

Summary List Placement Gabe Plotkin recouped some of Melvin Capital's heavy January losses with a 22% gain in February. The hedge fund boss was at the center of the GameStop... Read more ...

We got an exclusive look at the pitch deck accounting startup Countingup...

We got an exclusive look at the pitch deck accounting startup Countingup used to raise a $12.7 million Series A

Summary List Placement Countingup has raised a £9.1 million Series A investment round, led by Framework Venture Partners. The company, which provides a business account that... Read more ...

March 3 COVID-19 Test Results and Vaccinations

March 3 COVID-19 Test Results and Vaccinations

SPECIAL NOTE: The Covid Tracking Project will end daily updates on March 7th. From Bloomberg on vaccinations as of Mar 2nd. "In the U.S., more Americans have now received at... Read more ...

Walmart's mysterious new fintech startup just made some high-profile hires...

Walmart's mysterious new fintech startup just made some high-profile hires. Here's what experts predict these moves mean for the new venture

Summary List Placement Walmart isn't just slicing the surface of fintech. All signs indicate that it is diving in deep on a mysterious new venture that will heavily feature... Read more ...

Here's what we know about when the 3rd stimulus check is coming

Here's what we know about when the 3rd stimulus check is coming

Summary List Placement A third stimulus check could be coming to millions of US households sometime in March. Congress is moving swiftly to approve the relief bill by March 14... Read more ...

U.S. Heavy Truck Sales up 9% Year-over-year in February

U.S. Heavy Truck Sales up 9% Year-over-year in February

The following graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the February 2021 seasonally adjusted annual sales rate . Heavy truck sales... Read more ...

UBS doubles down on the workplace wealth business as it leads a $10 million...

UBS doubles down on the workplace wealth business as it leads a $10 million investment round in student loan fintech FutureFuel.io

Summary List Placement UBS is leading a new round of funding for a student loan repayment startup that the firm had used through its workplace wealth business, a move that... Read more ...

An exodus is under way at Goldman Sachs. Here's a running list of all the...

An exodus is under way at Goldman Sachs. Here's a running list of all the big names jumping ship and where they're heading

Summary List Placement For a recent slew of powerful Wall Streeters, there is such a thing as life after Goldman Sachs. While all Wall Street firms experience a natural degree... Read more ...

Genuine Parts makes Senior VP of Finance Napoleon Rutledge chief accounting...

Genuine Parts makes Senior VP of Finance Napoleon Rutledge chief accounting officer

As chief accounting officer, Rutledge will report to Executive Vice President and Chief Financial Officer Carol Yancey. Read more ...

Qantas is selling $577 'mystery flights' on Boeing 737s in Australia...

Qantas is selling $577 'mystery flights' on Boeing 737s in Australia. Passengers won't be told where they're going until just before they land

Summary List Placement Qantas Airways announced Tuesday it's offering "mystery flights" in Australia between March and May. Passengers won't be told where they're going on the... Read more ...