T-Mobile CEO: FCC’s wireless spectrum auction was “a disaster” for US consumers
According to T-Mobile CEO John Legere, the wireless spectrum auction held by Federal Communications Commission (FCC) in January was "a disaster" for US consumers. The FCC has raised a staggering $45 billion for the federal government through the auction.
In a lengthy 1000-word blog post released on Wednesday, Legere said that even though the FCC's latest wireless spectrum auction has filled the US Treasury, it has left smartphone owners with potentially limited choices in wireless services, as well as higher wireless charges, for decades to come.
With the latest wireless spectrum auction witnessing 94 percent of the licenses bagged by only three companies - AT&T, Verizon, and Dish Network -, Legere has questioned the regulations which enabled Dish Network to partner with companies that may qualify for nearly $13 billion in discounts.
With T-Mobile spending only $1.8 billion in the auction, as against a whopping $18.2 billion shelled out by AT&T and $10.4 billion offered up by Verizon, Legere said in the blog post that the two bigwig wireless companies have shown that "they can, and will, dig into their deep pockets to corner the market on available spectrum at nearly any cost."
Moreover, with Dish and partners invested in separate companies - with little to no revenue - which could get a 25 percent discount in auction bidding, Legere said: "The FCC's rules actually allowed companies that don't provide wireless service at all to buy up huge amounts of spectrum and sit on it for 10 years!"
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