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HomeBusinessUS spectrum auction raises $3.5 billion, will fund replacing Chinese telecom equipment

US spectrum auction raises $3.5 billion, will fund replacing Chinese telecom equipment

June 23: The U. S. Federal Communications Commission said Thursday an auction of wireless mid-band spectrum raised more than $3. 5 billion, which will largely be used to fund the replacement of Chinese telecom equipment. The FCC said up to $3. 3 billion of the auction’s proceeds will be used to cover funds bor

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