Out of the carriers that took part in the auction, T-Mobile was the top bidder; agreeing to shell out almost $8 billion in order to acquire the 600 MHz spectrum. Executives from the carrier have shared their plans of using some of these airwaves as soon as possible.
Committing to pay $6.2 billion, the second-biggest bidder was Dish Network who had earlier announced its plans of building an NB-IoT network.
The third biggest bidder was Comcast, who promised to spend $1.7 billion to deploy its own wireless service.
AT&T committed to spending only $910 million, in the hopes of providing support to its spectrum assets. Since they won the right to build the first U.S. network dedicated to first responders, AT&T will be able to get access to additional low-band spectrum.
Surprisingly, the largest carrier in the country did not take part in the auction. Even though Verizon qualified for the auction, the carrier declined to bid. But considering they purchased a huge chunk of last year's millimeter-wave spectrum transaction with XO Communications, this is something the carrier could skip for the meantime.
Also absent from the auction were representatives from Sprint, as they had declined to join the event.
Fifty other bidders are said to be walking away with airwaves from 175 TV stations, which lead up to $10.05 billion as payment for the spectrum.
The FCC purchased wireless spectrum from TV broadcasters to auction off to wireless providers as a way of helping them meet the rapidly increasing demand from smartphones. Out of the $19.8 billion raised from the auction, the FCC announced that $7.3 billion will be making its way to pay off the national debt.
This is the second-largest auction throughout the history of the FCC.