Verizon commits $45.5 billion to secure 5G spectrum rights

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By Hernandez in Technology
Updated 3 years ago

Verizon Communications Inc. VZ, -0.77% secured more than half of the wireless airwaves offered in a U.S. government auction that racked up a record $81 billion in bids, according to details released Wednesday. Verizon pledged $45.5 billion for the midrange spectrum rights, which can extend the reach and bandwidth of...

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