Comcast Spends $1.2 Billion on Airwaves to Improve Wireless Service

Comcast spent a total of $1.2 billion to purchase airwaves made available through an FCC auction after buying $1.7 billion in wireless spectrum and selling $481.6 million of its own broadcast rights.

The Philadelphia-based company announced the results of its participation in the FCC's Broadcast Incentive Auction on Thursday. It was the third largest purchaser of spectrum behind T-Mobile, which spent $8 billion and Dish Network which spent $6.2 billion.

The auction was designed to shift rights to use the wireless spectrum from public television stations that underuse the airwaves and have alternative broadcast options to wireless carriers that can put it to use boosting their mobile and wireless networks.

To read the full details of the purchase, click here.

For more business news, visit the Philadelphia Business Journal

Copyright bizjournal
Contact Us