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.

Trump takes on AT&T from foreign soil

Photo: Samir Hussein/WireImage via Getty Images

President Trump greeted London this morning by railing against CNN owner AT&T, essentially urging a consumer boycott:

"I believe that if people stoped using or subscribing to @ATT, they would be forced to make big changes at @CNN."

Why it matters: It may be the new normal, but I'm still jarred by an American president encouraging damage to a private business that employs hundreds of thousands of Americans. Let alone doing so from foreign soil.