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Verizon Pays $3.16B for 82 FCC Licenses, Funding Rip-Replace

6/28/2026

42 10 Full Breakdown

Summary

Story summary

Verizon Communications spent $3.16 billion to win 82 AWS-3 licenses in the FCC auction.
The auction generated $3.57 billion from 200 licenses, with Verizon accounting for 88.5 percent of all bids.
Verizon secured the four most valuable licenses covering New York, Boston and two Chicago markets for $1.85 billion.
Proceeds will fund the FCC’s “Rip and Replace” program that reimburses carriers for removing Chinese equipment.

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Story summary

Verizon Communications spent $3.16 billion to win 82 AWS-3 licenses in the FCC auction.
The auction generated $3.57 billion from 200 licenses, with Verizon accounting for 88.5 percent of all bids.
Verizon secured the four most valuable licenses covering New York, Boston and two Chicago markets for $1.85 billion.
Proceeds will fund the FCC’s “Rip and Replace” program that reimburses carriers for removing Chinese equipment.