Tech Report: FCC announces winners of $81B auction for 5G airwaves license
February 25, 2021
General Motors executives believe the global chip shortage is beginning to improve.
Facebook to spend $1B dollars on news content over three years.
The FCC announced the winners of an $81B auction for the license to use important airwaves for 5G.
Paramount+, the latest streaming service, launches next month.
General Motors executives believe the global chip shortage, which has forced automakers to cut production and close plants, is beginning to improve.
Due to the shortage, GM temporarily closed car and crossover plants in Kansas, Canada, and Mexico through mid-March.
There is a global shortage of computer chips as people snapped up laptops last year during the pandemic.
Facebook will spend $1 billion dollars on news content over three years.
Facebook is facing global criticism for taking news content from media sources for free.
Australia sought to impose such requirements so that the tech companies pay a portion of the costs publishers incur to produce news content. Other governments, including Canada, have pledged to consider measures similar to what Australia has planned.
The Federal Communications Commission announced the winners of an $81 billion auction for the license to use important airwaves that are ideal for 5G.
The big winners were Verizon and AT&T. They need these airwaves in order to build 5G networks, which are significantly faster than current wireless service.
Verizon, through its Cellco partnership, spent nearly $45.5 billion on the airwaves. AT&T, through AT&T Spectrum frontiers, spent $23.4 billion.
We finally know how much it will cost to subscribe to Paramount+, the latest streaming launching next month.
Paramount+ will arrive in the U.S. in two forms starting in June: a basic tier for $4.99 a month and a premium tier without ads for $9.99 a month.
The service will feature content from Paramount’s movie studio as well as networks.