: Why Verizon, AT&T and T-Mobile just spent $80 billion in an auction, and what it will mean for 5G

The three major U.S. wireless companies spent heavily at a recent wireless spectrum auction that raked in a record $81.2 billion and is expected to dramatically shape the telecommunications industry for years to come.

The three major U.S. wireless companies spent heavily at a recent wireless spectrum auction that raked in a record $81.2 billion and is expected to dramatically shape the telecommunications industry for years to come.