Megabill Gives Cellphone Carriers License to Spend on Spectrum -- Market Talk

Dow Jones

2025/07/04

1622 ET - Wireless companies are cheering the passage of Republicans' massive spending bill, which offers them new tax breaks and fresh chances to bid on federal spectrum auctions. The bill orders the U.S. to privatize an estimated $85 billion worth of wireless rights, opening them up for future sale to cellphone carriers like AT&T and T-Mobile. Republicans reached a compromise on the auction authority, which lapsed in 2023, after adding safeguards for some airwaves used by military and intelligence agencies. (andrew.fitzgerald@wsj.com; @drewfitzgerald)

(END) Dow Jones Newswires

July 03, 2025 16:22 ET (20:22 GMT)

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