A US spectrum auction just raised $3.5B to pay for ripping out Huawei

The Federal Communications Commission has raised about $3.5 billion from an auction of mid-band wireless spectrum, with most of the proceeds earmarked to fund the removal of Chinese-made telecom equipment from US networks. The agency’s long-running “rip and replace” programme, which reimburses smaller carriers for swapping out gear from Huawei and ZTE, has spent years […]
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