>... an unprecedented opportunity to acquire enormous amounts of high-value, “beachfront” airwaves. I don't think this is really considered true anymore. This

>... an unprecedented opportunity to acquire enormous amounts of high-value, “beachfront” airwaves. I don't think this is really considered true anymore. This auction only generated something like 80 MHz due to the low interest. T-mobile got the biggest chunk, but that is only enough to provide a total of a gigabit of downlink per cell site. Unfortunately 600 MHz frequencies tend to propagate over longer distances so it is harder to have a lot of closely spaces access points. The real value is in densely wooded rural areas where there are not a lot of subscribers. Few subscribers means little revenue. The current hotness seems to be millimetre waves. That is where the interesting 5G development is happening. In the end there is simply not very much spectrum available below 1 GHz and they are not making any more of it.