The Little-Known MULTI-BILLION Dollar WAR Between Cell Phone Providers Over The Airwaves Needed To Broadcast 5G...

 

Midband spectrum is vital for 5G installations because it provides regional coverage as well as the ability to transport enormous volumes of data. This combination is particularly enticing to telecom behemoths looking to expand their spectrum holdings.

According to some estimates, the desirable frequency might be valued as much as $60 billion. However, the ultimate total exceeded all expectations, raising more over $81 billion for the US Treasury.

The top telecom companies in the United States dominated the FCC's most recent 5G spectrum auction.

• Verizon spent the most money on the auction, spending $45 billion for 3,511 spectrum licenses under the name Cellco Partnership.
  
  
• With a bid of $23 billion for 1,621 licenses, AT&T came in second.
  
  
• T-Mobile came in third with a $9 billion offer for 142 licenses.

"This auction reflects a shift in our nation's approach to 5G toward midband spectrum that can support fast, reliable, and ubiquitous service that is competitive with our global peers." the White House said. In a statement, FCC Acting Chairwoman Jessica Rosenworcel stated.

5G refers to the next generation of wireless technology, which is projected to boost network speeds and improve network responsiveness. The technology might pave the way for applications such as self-driving cars, as well as new AR and VR experiences on smartphones.

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Author: Don Kennedy
Austin Newsdesk 

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Tesla Joins Apple, Amazon and Microsoft, as Company Valuation Break The $1 TRILLION Mark - The 100,000 Vehicle Order That Made It Happen...

Tesla hit a $1 trillion market cap today following news that Hertz car rental is ordering 100,000 cars to buildits electric vehicle rental fleet.

The company joins trillion-dollar market cap companies like Apple, Amazon and Microsoft.

The deal will bring in a reported $4.2 billion for Tesla  - this is the largest purchase of electric vehicles, ever...

News of the deal brought Tesla’s stock to $1,028 by midday, a new record high - a gain of about 13%.

Morgan Stanley’s Adam Jonas raised his price target on Tesla to $1,200 a share from $900 on Sunday. Jato Dynamics said Monday that Tesla’s Model 3 electric sedan became the first fully electric vehicle to top new car sales overall in Europe in September.

The deal with Hertz, which will bring in a reported $4.2 billion for Tesla, is the largest ever purchase of electric vehicles, Bloomberg previously reported.

The cars are set for delivery within the next 14 months and will be available to US customers as early as November.

The deal comes more than a year after Hertz filed for bankruptcy protection during the height of the coronavirus pandemic, as demand for travel and rental vehicles waned.

But now they have new backing, and an agressive comeback plan as Knighthead Capital Management and Certares Management takes over the company.

Video courtesy of CNBC

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New Branding Won't Fix Facebook's Old Problems...

Facebook is planning to rebrand itself with a new name as the tech giant comes under fire from regulators around the world over its business practices.

But a new name won't fix their reputation.

CEO Mark Zuckerberg promised to bring Facebook back from the brink during an appearance before Congress. He made it clear that he understands the enormous responsibility the company has as it faces growing criticism from governments and those who question its role.

"The world feels anxious and divided, and Facebook has a lot of work to do — whether it's protecting our community from abuse and hate, defending against interference by nation states, or making sure that time spent on Facebook is time well spent," Zuckerberg told the joint session of the Senate judiciary and commerce committees.

The company said it would use artificial intelligence to proactively identify posts that include hate speech and other objectionable material, allowing Facebook to get rid of them before anyone sees them. The tech giant also hired an additional 3,000 people to monitor hate speech.

Zuckerberg's appearance on Capitol Hill is the latest public appearance for a high-profile tech executive facing bipartisan criticism for how their companies handle user privacy and content. In response to the criticism, Facebook, Google, and Twitter have pledged to hire more people and invest more in security and transparency.

Some of the pressure is coming from Washington. In January, Democrats in Congress released a long list of demands they want to see from the companies and their CEOs, and the demands included implementing new privacy measures, letting users opt out of targeted advertising, and providing more details about how their user data is shared and used.

The companies were already under fire from Congress for the 2016 election meddling during the 2016 election. Lawmakers said at the time they wanted to know more about Russian involvement in the run-up to the election and, specifically. _______
Stewart Reese
Silicon Valley Newsroom

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What To Expect At Apple's Next Event....

What should you expect from Apple's Oct 18th Event? Rumor is it's all about new MacBook Pro models, which will have been redesigned with thinner bezels for a larger display.

There has also been hints of 3024 x 1964 and 3456 x 2234 resolutions - which would enable 2x Retina for higher quality images and text. But the most hype may be for the chip that powers it all - the M1X chip, which is the newest and most powerful version of the M1.

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