UScellular Reveals $1.46B in Spectrum Spending Before C-Band Results

UScellular may have spent $1.46 billion in the C-band auction, suggested a footnote in its Friday investor presentation accompanying Q4 results. Executives on a quarterly call declined to comment, saying the footnote was intended only to provide “context.” After Dec. 31, “UScellular committed to purchase wireless spectrum licenses for approximately $1,460 million inclusive of associated costs, subject to regulatory approval,” the footnote said. Companies are barred from commenting on auction results until 10 business days after they're announced by the FCC. Winners must make 20% deposits. A UScellular spokesperson didn’t comment.