5g

FCC gets billions from 5G spectrum auction

AT&T and T-Mobile committed to spend a combined $1.8 billion in an auction for the high-frequency spectrum needed to deliver some of the fastest 5G speeds, per Ars Technica.

Why it matters: Spectrum is the foundation of any cellular network and delivering 5G requires higher frequency bandwidth than many carriers have in their possession.

Expert Voices

Sale of Huawei's underseas cables could leave risks unaddressed

Hengtong Group Chairman Cui Genliang speaking at a microphone
Hengtong Group Chairman Cui Genliang. Photo: VCG/VCG via Getty Images

Huawei is set to sell its underseas cable business, a move that could help China continue a critical part of its global infrastructure push.

Why it matters: Two weeks ago, the U.S. Commerce Department added Huawei to its “entities list,” blocking it from U.S. suppliers. The sale of Huawei’s underseas cable business would effectively pass the baton to another Chinese national champion, Hengtong Group.