New York â¢ The U.S. government raised $19.8 billion in an auction transferring airwave rights from TV broadcasters to companies interested in wireless networks.
The Federal Communications Commission, which regulates the nationâs airwaves, ran the auction to help wireless networks keep up as people spend more time on smartphones. The biggest spenders were T-Mobile, Comcast and the satellite TV company Dish.
The auction, which started last year, will pay out $10 billion to 175 TV broadcasters that...
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