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FCC bureaus approved the transfer of 65 MHz to SpaceX for $17 billion and 50 MHz to AT&T for $23 billion on May 12, conditioning the deals on a $2.4 billion escrow account for tower-company claims.

AT&T commits $250 billion through 2030 to expand fiber, 5G, and satellite networks, but analysts question how much is new spending versus relabeled costs.