The Federal Communications Commission plans to hold the so-called incentive auction of airwaves for mid-2015, confirming a long-expected delay from the original plan to hold the sale in 2014, the agency chairman announced on Friday. The FCC is now drafting the rules to reshuffle the ownership of valuable frequencies that are increasingly needed to satisfy demand from data-hungry devices.As part of the auction, the FCC would offer broadcasters incentives to give up control of airwaves and then sell them totelecommunications companies such as Verizon Communication Inc, AT&T Inc, Sprint Corp and T-Mobile US Inc..The process has been a challenge because of the complex engineering and political ramifications, including a vocal push from smaller wireless carriers for limitations on how much spectrum the larger companies can acquire at the auction.
AT&T Inc. (AT&T) is a holding company. AT&T is a provider of telecommunications services in the United States and worldwide. Shares of T traded higher by 0.58% or $0.2/share to $34.45. In the past year, the shares have traded as low as $32.76 and as high as $39.00. On average, 23522900 shares of T exchange hands on a given day and today's volume is recorded at 10645688.
Shares of TMUS traded higher by 0.53% or $0.14/share to $26.44. In the past year, the shares have traded as low as $16.01 and as high as $29.50. On average, 4856440 shares of TMUS exchange hands on a given day and today's volume is recorded at 2467770.
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