The U.S. Federal Communications Commission raised a record-breaking $44.9 billion in the auction of so-called AWS-3 airwaves that closed on Thursday, far surpassing the expectations of experts and industry analysts.Regulators will disclose the winners of the auctioned spectrum licenses in the coming days. Major bidders included wireless carriers Verizon Communications Inc, AT&T Inc and T-Mobile US Inc as well as satellite TV provider Dish Network Corp.The auction - wireless carriers' largest opportunity to get access to new airwaves since 2008 - began on Nov. 13. The wave of offers soared past the reserve price of $10.1 billion in the first week and boosted Dish's share price to an all-time high as investors watched for the auction to crystallize the value of the company's spectrum holdings.The result reflects wireless carriers' urgency to satisfy the growing consumer demand for streaming video and other data-guzzling applications.
DISH Network Corporation, is a pay-television (TV) provider, with approximately 14. Shares of DISH traded higher by 2.33% or $1.67/share to $73.20. In the past year, the shares have traded as low as $54.31 and as high as $79.57. On average, 2206560 shares of DISH exchange hands on a given day and today's volume is recorded at 1571770.
AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T traded higher by 0.49% or $0.16/share to $32.84. In the past year, the shares have traded as low as $31.74 and as high as $37.48. On average, 24389500 shares of T exchange hands on a given day and today's volume is recorded at 19678292.
Shares of TMUS fell by 1.63% or $-0.49/share to $29.60. In the past year, the shares have traded as low as $24.26 and as high as $35.50. On average, 4849520 shares of TMUS exchange hands on a given day and today's volume is recorded at 3800252.
Verizon Communications Inc. (Verizon) is a holding company. Shares of VZ traded higher by 0.02% or $0.0101/share to $46.06. In the past year, the shares have traded as low as $45.09 and as high as $53.66. On average, 16640700 shares of VZ exchange hands on a given day and today's volume is recorded at 13503006.
Source
