(Xinhua via NewsEdge) German telecommunications giant T- Mobile is set to expand its presence on the US market after it won the most licenses in an FCC auction of advanced wireless services, local reports said.
In the auction initiated by the US Federal Communications Commission (FCC), T-Mobile bid some $4.2 billion for 120 licenses, including regional rights for large parts of the US, German radio Deutsche Welle reported.
The German giant also won individual licenses for major cities, such as New York and Chicago, said the report.
T-Mobile can now significantly expand its business in the US, it said.
Currently, the Deutsche Telekom subsidiary is number four on the US market.
The FCC's four-week auction of Advanced Wireless Service spectrum licenses brought total revenue of $13.9 billion.
The AWS licenses can be used to provide a wide range of wireless services and technologies, including voice, data, video and other wireless broadband services offered over third generation (3G) mobile networks, said the report.
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