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Dow Jones Newswires: T-Mobile invests $3 billion in FCC spectrum auction to extend 5G network


T-Mobile US Inc. TMUS, -0.44% said it invested nearly $3 billion in the Federal Communications Commission’s Auction 110 as it works to extend its 5G network.

The carrier won an average of 21 megahertz of mid-band spectrum in key areas home to 184 million people across the U.S.

“We’ll use this additional spectrum to take our 5G network to the next level,” said Neville Ray, president of technology, in prepared remarks.

The announcement comes two days before the Bellevue, Wash.-based company is set to report its results for the fourth quarter.

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