[AT&T and Verizon spent $16.3 billion on 700 MHz licenses. The U.S. Treasury collected a total $19.592 billion during the 38-day auction.]

By Mike Dano -- "Verizon Wireless and AT&T Mobility won the vast majority of the 700 MHz spectrum up for grabs during the Federal Communications Commission's recently completed auction. Verizon Wireless was the event's biggest spender, doling out $9.63 billion (fully half of the almost $20 billion in total bids) and winning all of the open-access, C-Block licenses covering the continental United States."

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