AT&T Enhances Spectrum Position Following FCC Auction 103
March 31 2020 - 8:30AM
Business Wire
Company now has more than 1,040 MHz of
nationwide mmWave spectrum to further its leadership position in
mobile 5G
AT&T Inc.* is the winning
bidder for spectrum licenses covering more than 99% of the U.S.
population following the close of FCC Auction 103. The company’s
winning bids will allow continued improvements and advancements to
its wireless network — already the nation’s best1 and
fastest.2
With this newly acquired spectrum and our existing holdings,
AT&T continues to build upon and add capacity to the nation’s
largest network. Our existing spectrum allowed us to add more
coverage last year than any other wireless provider to serve
businesses, consumers and first responders wherever they are. This
newly acquired spectrum will help us continue that progress.
Consumers and business can access 5G3 on AT&T’s best
unlimited wireless plans where available. And 5G+, which offers
extra speed and capacity over high-band spectrum to serve
high-traffic areas and places like arenas, campuses and more, is
now available in parts of 35 cities for customers with compatible
plans and devices. Once the network is built with the necessary
density for mobile services, fixed services may follow.
“The large, contiguous block of spectrum we won in Auction 103
will be important to maintaining our 5G leadership across the
industry,” said Scott Mair, president, AT&T Technology &
Operations. “This win boosts our already strong spectrum position.
We thank the FCC for their work and congratulate them on the
conclusion of another successful auction.”
AT&T improved its 39 GHz spectrum position to 786 MHz, an
increase of 102%. Prior to Auction 103, AT&T acquired 379 MHz
of 39 GHz spectrum when it purchased FiberTower for $207 million in
early 2018. All 39 GHz licenses held by AT&T prior to the
auction were exchanged for vouchers. The company spent about $2.4
billion in the auction, or $1.2 billion net of its vouchers. The
value of the FCC issued vouchers was determined by the auction
price for the PEAs in which the pre-auction licenses were held. The
licenses it won cover 411 PEAs. When added to the mmWave spectrum
AT&T already holds in the 24 GHz band, AT&T’s average
spectrum depth in mmWave increased to more than 1,040 MHz
nationwide.
1 America’s Best Network: Based on GWS OneScore Sept. 2019. 2
Nation’s Fastest Network: Based on analysis by Ookla® of Speedtest
Intelligence® data average download speeds for Q4 2019. Ookla
trademarks used under license and reprinted with permission. 3
Requires a compatible device and a compatible plan for 5G
connection. Limited AT&T 5G availability. May not be available
in your area.
*About AT&T
AT&T Inc. (NYSE:T) is a diversified, global leader in
telecommunications, media and entertainment, and technology. It
executes in the market under four operating units. WarnerMedia is a
leading media and entertainment company that creates and
distributes premium and popular content to global audiences through
its consumer brands, including: HBO, HBO Max, Warner Bros., TNT,
TBS, truTV, CNN, DC Entertainment, New Line, Cartoon Network, Adult
Swim and Turner Classic Movies. AT&T Communications provides
more than 100 million U.S. consumers with entertainment and
communications experiences across TV, mobile and broadband. Plus,
it serves high-speed, highly secure connectivity and smart
solutions to nearly 3 million business customers. AT&T Latin
America provides pay-TV services across 11 countries and
territories in Latin America and the Caribbean and wireless
services to consumers and businesses in Mexico, where it is the
fastest-growing wireless provider. Xandr provides marketers with
innovative and relevant advertising solutions for consumers around
premium video content and digital advertising through its
platform.
AT&T products and services are provided or offered by
subsidiaries and affiliates of AT&T Inc. under the AT&T
brand and not by AT&T Inc. Additional information is available
at about.att.com. © 2020 AT&T Intellectual Property. All rights
reserved. AT&T, the Globe logo and other marks are trademarks
and service marks of AT&T Intellectual Property and/or AT&T
affiliated companies. All other marks contained herein are the
property of their respective owners.
Cautionary Language Concerning Forward-Looking
Statements
Information set forth in this news release contains financial
estimates and other forward-looking statements that are subject to
risks and uncertainties, and actual results might differ
materially. A discussion of factors that may affect future results
is contained in AT&T’s filings with the Securities and Exchange
Commission. AT&T disclaims any obligation to update and revise
statements contained in this news release based on new information
or otherwise.
This news release may contain certain non-GAAP financial
measures. Reconciliations between the non-GAAP financial measures
and the GAAP financial measures are available on the company’s
website at https://investors.att.com.
© 2020 AT&T Intellectual Property. All rights reserved.
AT&T and the Globe logo are registered trademarks of AT&T
Intellectual Property.
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Daphne Avila AT&T Inc. Phone: (927) 266-3866 Email:
daphne.avila@att.com
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