News Highlights: UScellular refers to a high price for C-Band
A footnote in UScellular’s fourth quarter 2020 earnings presentation sparked speculation about its spend in a US sale of C-Band spectrum (3.7GHz to 4.2GHz).
The note stated that the operator had committed to purchase unspecified spectrum licenses for $ 1.46 billion. Although UScellular executives declined to elaborate on a profit call, Wells Fargo Securities analysts noted that it was “likely that the vast majority (if not all) of those expenses were related” to the record-breaking C-Band auction.
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