Record bidding seen in auction that could put Verizon, AT&T on a level playing field with T-Mobile

When T-Mobile announced back in April 2018 that it was willing to pay over $26 billion to buy Sprint, the average Joe on the street thought that something was very strange. Surely there was no reason that a carrier on the rise like T-Mobile was interested in buying a wireless provider with all of the operational issues that Sprint had. And there would be no reason for T-Mobile to make the deal in order to pick up Sprint’s customers; given time, most of them would probably end up with T-Mobile anyway.
Auction of mid-band spectrum in the U.S. raises a record amount of cash
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