As was the case with Ben Johnson, former Canadian Olympian who wanted to go faster but had to pay for it (kudos to those who get this reference), T-Mobile’s shelled out some dollars to get their 3G plans underway.
Reports from Information Week have the former Catherine Zeta-Jones’ers spending over $4 billion for additional radio spectrum in a recent federal auction, with $2.7 billion going towards the network upgrade to 3G. Holy dollars dropped!
“T-Mobile, the U.S. wireless arm of Deutsche Telekom, was the recent top bidder in an FCC auction of new licenses for using the public airwaves for wireless services. T-Mobile’s bid accounted for nearly one-third of the $13.9 billion raised when the bidding closed last month.
According to T-Mobile, the spectrum acquisition supports its strategic reorientation, Telekom 2010, announced in September. Since the purchase of T-Mobile in 2001, Deutsche Telekom has expanded its business to 23.3 million customers. T-Mobile is No. 4 among the nationwide carriers in the U.S. market, behind Cingular Wireless, Verizon, and Sprint.”