SAN FRANCISCO - Verizon will spend $1.9 billion to speed up its deployment of superfast 5G telecom service as a top bidder for US bandwidth that balances range and data speed.
The Federal Communications Commission on Wednesday released results of bidding for leases to use portions off the 3550-3650 MHz bandwidth.
The bandwidth in the range from 3450 and 3550 megahertz was identified for use in 5G networks and can be made available without impairing military or national security capabilities, according to senior administration officials. First generation mobile networks enabled wireless phone calls, and the second generation added texting.
5G networks are touted as promising an exponential leap in the amount and speed of wireless data, enabling advances in self-driving vehicles, virtual reality, connected health and more as sensors and servers communicate instantly.
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