Communications Daily is a service of Warren Communications News.

AT&T Move in 600 MHz Licenses Not Negative for T-Mobile, Wells Fargo Says

AT&T’s decision to sell 600 MHz licenses it bought in the incentive auction (see 1801080017) doesn’t have negative implications for T-Mobile, the top bidder in the auction, Wells Fargo’s Jennifer Fritzsche emailed investors Friday. “After reviewing T’s [AT&T’s] bidding activity,…

Sign up for a free preview to unlock the rest of this article

Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!

it is clear to us that T made a strategic decision to stop bidding on 600 MHz licenses during Stage 1 Round 22,” Fritzsche said. “We suspect this was driven by T’s confidence it was going to win the FirstNet contract, along with 20 MHz of 700 MHz and $6.5 [billion] that came with it, and opted to deemphasize its auction bidding activity.” The outlook remains bright for T-Mobile, she wrote. “Based on our conversations with spectrum experts this past week -- we remain even more enthused about [T-Mobile’s] spectrum portfolio and the opportunity it has to run with the 5G message.”